📉 Bitcoin (BTC/USDT) Technical Analysis – 4H Chart
⏳ Trend: Bearish in the short term
💰 Current price: $106,096
🔍 Pattern: Confirmed Double Top with a break of the support zone
📉 After forming two descending tops, BTC broke the support region near $106,700 and is heading towards the next targets:
🔻 Target 1: $103,557
🔻 Target 2: $102,261
🔴 Confirmation of the technical pattern with a clear rejection of the broken zone (see red arrows).
📊 Strategy:
– Swing Short with moderate leverage (x2 to x4)
– Suggested stop-loss above $107,200
– Risk management is essential, as volatility may accelerate in the coming days
📉 RSI is declining and selling strength candles increase the probability of continued decline in the short term.
⚠️ Remember: this type of movement can bring good opportunities for those who operate short or are waiting for entry zones for DCA lower down.
📌 Disclaimer: This analysis is for purely educational and informational purposes. It does not constitute an investment recommendation. Always do your own research (DYOR), use stop-loss, and never invest more than you can afford to lose. The crypto market is highly volatile.
