$BTC 1H Chart
📉 Bearish Signals:
Rounded Top Formation:
This structure often hints at a loss of buying strength.
The pattern suggests that BTC is struggling to make higher highs and sellers are slowly gaining ground.
Price Rejection at the Top:
Multiple rejections near the upper curve.
Bulls are failing to maintain higher price zones around $84,700 – $85,000.
Tight Consolidation:
Price is ranging tightly after the run-up.
This can precede a breakdown, especially with the rounded structure.
🔮 Trade Signal
✅ Short Setup (High-Risk Intraday)
Entry: $84,400 – $84,500 (current range)
Stop Loss: $85,000 (just above upper curve/highs)
Target 1: $82,000 (recent support)
Target 2: $80,400 (major support & psychological level)
Target 3: $78,000 (if breakdown intensifies)
Risk:Reward ~ 1:2+ if executed with discipline.
🛑 Invalidations & Cautions:
If price breaks and holds above $85,000, it invalidates the rounded top and opens room toward $87K+.
News catalysts or large whale movements can distort short-term technicals — manage size and use stop-loss religiously.
🧭 Strategy Note:
This 1H short bias aligns well only if BTC fails to reclaim $85K and volume declines further. If the market flips bullish again, refer back to the daily breakout setup from earlier (which remains valid on the macro).
