$BTC 📊 Technical Analysis for BTC/USDT Pair

Post by Pampa1: The chart for the BTC/USDT pair on the 4-hour timeframe shows the formation of a "Head and Shoulders" pattern, which may indicate an imminent bearish reversal.

Critical Level: The neckline is considered a major support level.

Bearish Confirmation: A break of the price below the neckline may confirm the downward trend.

Trading Plan: Wait for the price to break the neckline and then enter a sell trade with appropriate risk management.

📈 Summary of Analysis

Various analyses indicate that Bitcoin is trading within specific price ranges, with significant support and resistance levels. Some analyses show signs of a continued upward trend, while others indicate the possibility of a bearish correction. It is important to monitor these levels and make trading decisions based on future price movements.