Hello everyone! Let's analyze the latest chart for the BTC/USD pair.


1. Bearish Channel:

- The price has been moving within a bearish channel, indicating a downtrend.

- Recently, the price broke below the lower boundary of this channel, suggesting a potential continuation of the downtrend.

2. Support and Resistance Zones:

- Resistance Zone: Around 65,000 to 66,000 USD, previously acting as support but now turned into resistance.

- Support Zones:

- First support zone around 63,000 to 63,500 USD.

- Second support zone around 61,000 to 62,000 USD.

1. Entry Point:

- Entry: If you believe in a bearish continuation, an entry around the current price level (64,136 USD) or on a slight pullback towards the 65,000 to 66,000 USD resistance zone could be considered.

2. Stop-Loss:

- Stop-Loss: Set a stop-loss above the resistance zone, around 66,500 USD, to manage risk in case of a bullish reversal.

3. Take Profits:

- First Target (TP1): Around 63,000 to 63,500 USD, aligning with the first support zone.

- Second Target (TP2): Around 61,000 to 62,000 USD, aligning with the second support zone.

The BTC/USD pair has broken below the bearish channel, indicating a possible continuation of the downtrend. Considering the support and resistance levels, entering around the current price or on a slight pullback to the resistance zone offers a good risk-to-reward setup. Setting a stop-loss above the resistance zone helps manage risk, while take profits at 63,000 to 63,500 USD and 61,000 to 62,000 USD provide clear targets for potential gains.

Stay alert to key levels and adjust your strategies according to your risk profile. I wish you success in your trades and a profitable trading journey!