Prepare to sell BTC 🔴
🔔Pattern Alert: Inverted Cup & Handle in Play🔔
📉 BTC/USDT 1-hour chart is shaping an (inverted cup and handle), hinting at potential bearish continuation.
⚙️ Pattern Breakdown:
- Inverted Cup: Rounded top from $111,980 → $107,000 = fading bullish momentum 🏔️
- Handle: Sideways movement near $108,900–$109,000 with weak volume 📊
- Support Level: $107,200–$107,500, watch for a breakdown confirmation 🚦
⏳ Next Steps:
- Break below $107,200 with volume = bearish confirmation 📉
- Downside target:
- Cup depth = $4,800
- Projected target = $102,400 (if breakdown is strong) 🚀📊
🔍 Additional Signals:
- MACD staying flat below zero, bearish bias persists 🐻
- EMAs (7, 25, 99) converging = market indecision 🤔
- Confirmation is key, wait for solid signals before acting ⚡
Reminder: BTC crash = whole crypto market is bearish.
💡 Keep your eyes on the charts and prepare accordingly! 🔥📉