"BTC 2H Analysis: Trendline Break Signals Potential Short Opportunity Toward $105K"🚨🚨
This chart shows a technical analysis of Bitcoin (BTC/USD) on the 2-hour timeframe. Here’s a quick breakdown of what’s going on and a possible trade idea based on it:
Key Points:
1. Resistance Zone (Gray Box)
Price recently tapped into the $110K–$111K zone — an area that’s acted as strong resistance before.
2. Rising Trendline (Black Line)
There’s been an upward trendline holding since around June 6, but now it looks like price has broken below it — which could be a sign of bearish momentum kicking in.
3. Support Levels
First support is around $106,935.29
Second support / deeper target is near $105,052.65
These would likely be your take-profit areas if you're short.
4. Take-Profit Zones Labeled
One TP is near the first support (~$106,935)
The other is deeper, at ~$105,052
5. Bearish Outlook (Orange Arrow)
The chart shows a bearish move after the trendline break, possibly with a retest and rejection of that broken trendline — a typical bearish confirmation.
6. Current Price
At the time of the screenshot, BTC was trading around $110,034.79.
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Trade Idea (If Going Short):
Entry: After a clean break and retest of the trendline, or a drop below $109,000 (marked by the red line)
Targets:
First TP: ~$106,935
Second TP: ~$105,052
Stop-Loss: Somewhere above $110,500–$111,000, right around that resistance zone