BTC/USD 1-Hour Chart Analysis 📊
Currently, BTC/USD is oscillating within the 101,500–105,000 range on the 1-hour chart 📈.
Key Levels
Support: 101,500 acts as short-term support 🛡️. Below that, the strong support lies at 100,600 — a breach of this key level could trigger a sharp price decline.
Resistance: 105,000 is a tough resistance level 🚧, with multiple failed upward attempts. The area above 106,000 forms a resistance zone, which bulls must overcome to initiate a significant uptrend.
Trend
The price is in a downward consolidation phase, with recent highs and lows gradually decreasing. However, chart patterns suggest a potential rebound after testing support, hinting at a possible short-term trend shift 🤔.
⚡⚡⚡ BTCUSD ⚡⚡⚡
🚀 Sell@105000 - 106000
🚀 TP 102500 - 101500
🚀 Buy@101500 - 102500
🚀 TP 105000 - 106000
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