Hey Everyone! 👋
Today, I want to walk you through the current state of Bitcoin (BTC) against the US Dollar (USD) — and what you should watch in the days ahead.
Let's break it down together in a simple, clear, and actionable way!
📍 What’s Currently Happening?
If you’re looking at the 1-hour BTC/USD chart, you’ll see we’re currently in a strong bearish trajectory.
The price is sitting below the Ichimoku Cloud — a clear sign we’re in a downtrend.
This confirms the bears are currently in control.
🔻 Our Key Observations 🔻
✅ The price is trading below the Ichimoku Cloud — adding weight to the bearish outlook.
✅ We’ve already gotten a resistance retest — which further signals weakness.
✅ The price action shows a clear break in structure — implying we might move lower.
✅ We’ve marked two horizontal target zones with a sharp projected drop (red path) and a blue arrow for emphasis.
🎯 Where’s The Market Heading?
Lets talk about the two main target levels you should watch:
First Target (~$104,000)
This is your immediate bearish target — it's a strong area of minor historical support.
Watch for a reaction here — we might see a small bouncing or some volatility.
Final Target (~$100,000–$101,000)
This is the extended bearish target — marked boldly on the chart with a strong arrow.
It’s a psychological level where liquidity may pile up, adding additional pressure.
If \$104,000 breaks, we’re likely to see a move toward \$100,000–\$101,000.
🔹 Conclusion 🔹
For now, the bears remain in control until we see a close above \$108,500 — which would invalidate this view.
If \$104,000 falls, \$100,000–\$101,000 is the most realistic follow-up.
So make sure you keep a close watch on these key levels!
⚡ Disclaimer ⚡
This is not financial advice — just my view on the market.
Always do your own research (DYOR) before making ANY trades or financial decisions.
Stay vigilant, stay realistic, and manage your risk!
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✅ Happy trading, and I’m rooting for your profits! 📈✨