$BTC /USD 4H Timeframe Analysis 🔍📉

Trend:

🚀 The price is in an uptrend but recently broke the minor key support at 99,000, touching the next support at 93,000.

🛒 Buyers briefly pushed the price above the minor resistance at 97,000, creating strong buying pressure.

📉 However, the price started making lower lows, breaking the previous key resistance (now acting as support).

📈 Price Action Expectation:

⚠️ A bearish engulfing candle formed between the two minor key levels, signaling a potential reversal.

📌 During the accumulation period, we expect the price to revisit the previous resistance, possibly manipulating liquidity.

🔻 Once the price moves downward and breaks the key support, we aim to enter a sell trade.

💼 Trade Setup:

📍 Sell Stop

🔽 Entry: 96,593.20

🛑 Stop Loss: 92,314.80 (above the liquidity zone)

🎯 Take Profit: 98,537.10 (next key minor support)

📊 Risk: 1%

📰 Fundamental Outlook:

1️⃣ BlackRock’s Bitcoin ETF:

📉 A sharp drop in BlackRock's Bitcoin ETF (largest in 4 months) has increased bearish sentiment, adding downward pressure on BTC.

2️⃣ Quantum Computing FUD:

💻 Concerns about quantum computing's impact on Bitcoin's cryptographic security are fueling market fear, heightening volatility and bearish pressure.

⚡ Summary:

The bearish engulfing candle + negative fundamentals (ETF drop + quantum FUD) suggest further downside potential.

🕵️‍♂️ Stay sharp – shorting opportunities may arise! 🚀

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