$BTC Latest Update Based on 1H & 4H Chart Confirmation:

#BTC appears to be exhibiting a bearish momentum. It has declined from the bullish trend seen at the upper resistance level of 26,806. Yesterday, there was a false breakout at the lower resistance level, which led to a drop below 26,206.6. However, it then reversed and increased to 26,890.

But this reversal trend has successfully declined the upper resistance, and now the $BTC market seems prepared for a drop. If there is a genuine breakout below the lower resistance level, it could drop below 25,750-25,650.

I've observed an increase in seller's volume and attempts to break the lower resistance level at 26,451. I'm waiting for that moment. Once a successful breakout occurs, you may consider opening a short position with proper risk management.

I'll provide updates if there are any changes, but note that I've received multiple confirmations from various time frames, making this analysis stronger.

Let's see how this unfolds. Always remember to trade with proper risk management and understand the market's volatility.

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Author(X&T): KingofBTC2024

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