📉 Bitcoin (BTC/USD) 1H Technical Analysis
🔻 Structure Breakdown
BTC has broken below the recent range support, confirming a range breakdown beneath the all-time high (ATH) consolidation area. This move was preceded by a trendline breakdown, signaling a shift in market sentiment.
🔄 Bearish Retest
The price attempted a retest of the SBR (Support-Becomes-Resistance) level, which aligned with the previous range lows and got rejected-highlighting strong selling pressure at the $106,500-$107,000 zone.
📌 Key Levels
▪️Resistance: $106,500_$107,000 (SBR zone)
▪️ Support: $104,400
▪️ Target: $102,200 (potential breakdown target zone)
🔮 Outlook
▪️ Primary Bias: Bearish continuation toward the $102,200 target area
▪️Alternate Scenario: A reclaim above the SBR level may trigger a short-term bounce or range re-entry.
🔹Community Insight:
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