Bitcoin at a Critical Juncture – Bulls or Bears in Control?

Golden Lion Trading brings you an in-depth multi-timeframe analysis of BTC/USDT.

Currently, Bitcoin is showing mixed signals across key timeframes, and we’re approaching a crucial decision point:

4H Chart Analysis

A rising wedge pattern is forming — a historically bearish setup. With the price rejecting from the $86,100 resistance zone and EMA(7) starting to slope down, there's a risk of a short-term breakdown. Watch for a crack below $83,500 as confirmation.

1W Chart Analysis

The rounded top formation is becoming more visible. Weekly indicators such as RSI and MACD are signaling bearish momentum. If the trend continues, we may see a retest of lower levels like $72,200 or even $58,800.

1D Chart Insight

Though price tried to break out of a falling channel, it resembles a bear flag, often a trap for premature bulls. If BTC fails to break and close above $86.5K–88K, it increases the chances of a downward move toward $74,500.

Key Levels to Watch:

Resistance: $86,100 | $88,000

Support: $83,500 | $74,500 | $72,200

Golden Lion's Take:

While halving hype fuels bullish sentiment, technical indicators show weakness. Whales might be setting liquidity traps. Trade cautiously, and wait for confirmations before entering large positions.

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