๐๐ BTC/USD 1H โ Bearish Setup in Play ๐๐
Bitcoin is showing signs of weakness on the 1-hour chart โฐ. After a rejection near the ๐ฅ $122,000 zone, price has been forming lower highs and consolidating in a tight range ๐.
๐ฏ Target Zone: $116,175
๐ Stop Loss: $119,875
๐ Entry Zone: Around $118,300
๐ฐ Risk/Reward: ~2.5:1
๐ธ Analysis Summary:
๐ป Price is hugging the resistance line (red trend guide)
๐ฎ Bearish continuation likely after range breakdown
๐ง Momentum fading โ no bullish breakout signs
๐ Structure suggests a break below current support is probable
โจ Visual Theme:
๐ Pink = Resistance
๐ Purple = Background/Market Mood
๐ซ Calm colors, but bearish pressure is building underneath
๐ Trade safe & stay stylish! ๐
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