🚨 Bitcoin's Potential Downtrend Warning 🚨
Analyzing the latest BTC/USDT 1-hour chart, Bitcoin recently displayed a sharp dip to $90,500 after hitting a high of $104,088. Despite a recovery to $98,260, this fluctuation suggests increased selling pressure and volatility in the market.
Key observations:
1. Sharp Drop: A steep decline hints at potential bearish sentiment.
2. Volume Analysis: A high-volume sell-off could signal more downside pressure.
3. Resistance Levels: BTC struggles near $100,000, indicating possible consolidation or a retest of lower levels.
This could be an early warning for a downtrend in the coming days. Traders, stay cautious and consider risk management strategies. Keep an eye on support zones around $94,800 and $90,500.
What are your thoughts on this movement? Are we in for a correction or just market noise?
