BTC Analysis 12H
1. General Trend (Macro Trend):
Long-Term Trend:
Bitcoin is currently in a long-term uptrend, but on the 12-hour timeframe, the short-term trend is turning bearish.
Breaking the uptrend channel (purple line) is an important signal, indicating that selling pressure is increasing.
Price Action Analysis:
After reaching a peak of 106,817.33 USDT, the price creates a lower high pattern, which is a clear bearish signal.