BTC/USDT Technical Analysis - 15 Minute Timeframe

๐Ÿ” Chart & Candlestick Patterns:

Double Top detected around 95,940, giving a bearish signal.

Breakout of Support at 94,600 with significant volume suggests potential for further decline.

The last candlestick shows Bearish with a long lower shadow, indicating selling pressure but also potential for a reversal if buyers take control.

๐Ÿ“Š Support & Resistance:

Support: 93,800 (nearest), 93,700 (tested and held).

Resistance: 94,600 (previous breakdown), 95,000 (psychological).

๐ŸŽฏ Scalping Target:

Long Entry: At 93,800, profit target 94,600 or 95,000, stop loss 93,500.

Short Entry: If it fails to break 94,600, profit target 93,800 or 93,700, stop loss 94,800.

๐Ÿ’ก Conclusion:

Bearish bias is dominant with double top and breakdown patterns.

Bullish scalping potential if price stays at 93,800, targeting resistance at 94,600 or above.

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