Bitcoin (BTCUSDT) Analysis – 15-Minute Timeframe
Trading activity typically slows down over the weekend, so I don’t anticipate a break below the Support Zone and Potential Reversal Zone (PRZ) between $82,340 - $82,000. That said, it's important to stay prepared for all possibilities.
Currently, Bitcoin is hovering near the support area and PRZ. Following the breakdown of a Failed Falling Wedge Pattern, BTC has experienced a downward move over the past few hours.
Educational Insight: In technical analysis, when a reversal pattern fails, it often turns into a continuation pattern, extending the prior trend.
My current outlook suggests that Bitcoin may attempt an upward move soon, potentially targeting the levels marked on the chart.
Caution: If BTC falls to $81,900, it could signal further downside pressure.
Let’s keep the discussion respectful—feel free to share your thoughts, whether you agree or see things differently.
Friendly Reminders:
Always use a stop-loss for every trade.
Stick to your own trading strategy and updates.
This is not financial advice—just my personal view. I’d love to hear yours too!
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Stay updated, stay smart—trade safe!
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