$BTC 🚨🚨🚨 Detailed Bitcoin Analysis (BTCUSDT) - 4 Hour Time Frame ⏳⏰🔴🔴🔴🚨 #bitcoin #BTC

BTC ⏳4-HOUR Chart Analysis🚨🚨🚨

Support and Resistance Overview:

• Current Price: $65,127.8

• Recent Trends:

• Trend on 50 Bars: Downtrend with a -21°angle

• Trend on 100 Bars: Downtrend with a -23 angle

• Trend on 150 Bars: Downtrend with an -8° angle

• Trend on 200 Bars: Sideways with a -3° angle

Key Patterns Identified:

• Double Top formation

• Black Swan Pattern at point D

• AB=CD Pattern at point D

Technical Indicators:

• Downtrend Levels:

• $71,683.2 with a 10.08% distance and 2° angle

• $66,701.3 with a 2.43% distance and 29° angle

• Uptrend Level: $63,783.6 with a 2.05% distance and 6° angle

• Trend Line (TL) Strength:

• $71,683.2: 3.3 (Strong)

• $66,701.3: 3.1 (Strong)

• $63,783.6: 6.6 (Strong)

Analysis:

Bitcoin’s 4-hour chart shows a dominant downtrend, underscored by bearish patterns like Double Top and Black Swan. The recent downtrend levels at $71,683.2 and $66,701.3 reflect significant resistance. Meanwhile, a minor uptrend level at $63,783.6 offers some support but is relatively weaker.

Conclusion:

BTC is under pressure with strong resistance levels, indicating a challenging environment for upward movement. Traders should be cautious, watching for further pattern confirmations and potential support at lower levels. #Bitcoin❗ #bitcoin☀️ #Alert🔴 $BTC