📉 Bitcoin (BTC/USDT) Technical Analysis – 4H Chart
⏳ Trend: Short-term bearish
💰 Current Price: $106,096
🔍 Pattern: Double Top confirmed with a support breakdown
After forming two descending tops, BTC has broken below the key support zone near $106,700 and is now targeting the next downside levels:
🔻 Target 1: $103,557
🔻 Target 2: $102,261
🔴 Price action confirms the bearish structure, with clear rejection from the broken support zone (see red arrows).
📊 Strategy:
– Swing short with moderate leverage (x2 to x4)
– Suggested stop-loss above $107,200
– Risk management is key as volatility may increase in the coming days
📉 RSI is trending down, and bearish candles suggest strong selling momentum.
⚠️ These conditions may also offer DCA opportunities for long-term investors at lower levels.
📌 Disclaimer: This analysis is for educational and informational purposes only and does not constitute financial advice. Always do your own research (DYOR), use stop-losses, and never invest more than you can afford to lose. Cryptocurrency markets are highly volatile.
