BTC/USDT is forming an uptrend line pattern on the 1H timeframe, signaling potential bearish momentum ๐. Looking at the RSI, itโs showing downward movement, and the Stochastic RSI also confirms bearish signals ๐จ. This indicates that BTC might be preparing for a downward move.
If Bitcoin breaks the critical support level at $97,290, we could see a quick fall ๐ป. The next immediate target would be $95,700, and if BTC breaks $95,500, it could trigger a significant drop, potentially pushing the price down to $92,500 or lower ๐.
For those holding BTC, itโs crucial to monitor the breakout levels closely. A confirmed breakdown below the support zones may lead to sharp declines, so managing your positions carefully is essential ๐ก๏ธ. Patience is key hereโwait for a breakout confirmation before taking any actions. Remember, the market can be unpredictable, so keep an eye on these critical levels to plan accordingly ๐.
BTC's current price action and momentum indicators strongly suggest caution โ ๏ธ. Stay prepared for potential downside moves as the charts hint at bearish sentiment dominating the market.
I can see that BTC can go little bit Down side Because there is huge long liquidation , After that it will go up side for short liquidation. I'm bearsh for shorter time Frame and Bullish For Longer time Frame. So that BTCwill go again 100k$ easily.
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$BTC
