📊 Analysis $BTC
🔹 Timeframe: 4H
📈 Price Movement:
$BTC is maintaining a sideways range within a price channel. The coin saw a sharp drop over the last 24 hours.
🔍 Technical Analysis:
The price is approaching an important resistance zone, while negative momentum is still in place. A breakout above this zone and holding it could support the continuation of the downtrend and reaching the next resistance.
📌 Likely Scenario:
Holding above the current support zone keeps the bullish structure intact, while breaking it could lead to a deeper correction and a retest of lower levels at 79K.
⚠️ Conclusion:
The current trend is shaky, but confirming the continuation of the decline depends on breaking the resistance and holding below it.
#analysis #BTC
🔹 Timeframe: 4H
📈 Price Movement:
$BTC is maintaining a sideways range within a price channel. The coin saw a sharp drop over the last 24 hours.
🔍 Technical Analysis:
The price is approaching an important resistance zone, while negative momentum is still in place. A breakout above this zone and holding it could support the continuation of the downtrend and reaching the next resistance.
📌 Likely Scenario:
Holding above the current support zone keeps the bullish structure intact, while breaking it could lead to a deeper correction and a retest of lower levels at 79K.
⚠️ Conclusion:
The current trend is shaky, but confirming the continuation of the decline depends on breaking the resistance and holding below it.
#analysis #BTC