1. Executive Summary (The "Why")
Bitcoin has experienced a sharp rejection from its recent highs above $114,000, leading to a significant pullback. The price has broken down through key short-term support levels and is now consolidating near the lows of this move. This price action, visible across all timeframes, forms a classic "bear flag" pattern, indicating a high probability that the current downtrend will continue after this pause. Our bias is strongly bearish.
2. Higher Timeframe Analysis (The "Big Picture")
4-Hour & 1-Hour Charts: These charts clearly show the strong rejection from the recent peak. The large red candles indicate forceful selling pressure has taken over from buyers. The price is now trading significantly below the highs and key moving averages (like the 7 MA), confirming the shift in momentum. The current sideways movement on the 1-hour chart is typical consolidation after a sharp drop.
3. Lower Timeframe Analysis (The "Entry Trigger")
15-Minute Chart: This timeframe provides a detailed view of the active downtrend and the current consolidation phase (bear flag). The price is moving sideways in a tight range near the lows (approx. $108,000 - $108,500). The moving averages are clearly acting as resistance above the price. This coiling action suggests sellers are absorbing the minor bounces, and energy is building for the next leg down.
4. The Trade Setup (The "Action Plan")
Based on the strong bearish signals across all timeframes and the developing bear flag pattern, the highest-probability trade is to enter a short position upon a confirmed breakdown below the current consolidation range.
$BTC-USDT Trade Signal SHORT 📉
Entry: 107,900 – 107,600
(Enter on a confirmed 15-minute candle close below the consolidation support)
Take Profit 1: 107,400
Take Profit 2: 107,100
Take Profit 3: 106,200
Stoploss: 109,150
Disclaimer: This technical analysis is for informational purposes only. Trading cryptocurrency involves significant risk. Always conduct your own research and manage your risk appropriately.