#MKR 1H 🚀🚀🚀 Páka 10 , 140% | Ehsan Soltanieh na Binance Square

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Ehsan Soltanieh

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#MKR    1H 🚀🚀🚀
Páka 10 , 140% 

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Ehsan Soltanieh

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Observing a significant shadow below the 90k mark on the BTC daily chart. This suggests potential selling pressure or indecision at this level. Question: Given this observation, what are your thoughts on the likelihood of BTC touching the 85k or even lower level? Please share your analysis and any supporting technical indicators.

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📊 Altcoin share in Binance trades has increased by 11% over the past 5 months, reaching 77.83%. 😀 ⁉️ Do you know what it means? ✅ It means that traders are buying and selling more altcoins, and market attention is shifting towards them.

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This message provides a technical analysis of the Bitcoin (#BTC /#USDT ) price action. Here's a breakdown: Key Observations: Demand Zone Support: Bitcoin has bounced off a horizontal support area (demand zone). Descending Triangle Pattern: The price action is currently contained within a descending triangle pattern. This pattern is typically considered bearish. Ichimoku Cloud: The price is currently trading inside the Ichimoku Cloud. 21MA Resistance: The 21-day moving average (21MA) is acting as a resistance level. Potential Scenarios: Upward Breakout: A break above the 21MA could indicate a bullish shift and potential upward movement within the descending triangle. Downward Breakdown: A break below the support of the descending triangle could lead to further price corrections. Trading Implications: Monitor Key Levels: Traders should closely monitor the 21MA and the support/resistance levels of the descending triangle for potential trading signals. Risk Management: As with any trade, proper risk management strategies are crucial. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Note: Technical analysis involves the study of price charts and historical data to identify patterns and predict future price movements. Ichimoku Cloud is a technical indicator that shows support and resistance levels. This message provides a concise and informative technical analysis of Bitcoin's price action.

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