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CŘYPŤÒÖ ķīŅĞ
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$BTC 📉 BTC Analysis (1-Hour Chart) 💰 Price: $118,580.15 📊 Indicator: Potential Breakdown Alert! As you can see in the chart, BTC has formed a descending triangle pattern, which is typically considered a bearish continuation pattern. 🔻 Resistance zone: Around $119,686 🟩 Support zone: Around $115,800 If the price breaks below this support level, a further downward move in BTC is expected. Technical Indicators: 📉 RSI (14): 57.66 – Currently in the neutral zone, slightly below overbought. 🟣 MACD: A bullish crossover has occurred, but there's a potential divergence warning. 📊 EMA (7, 30, 200): Price is struggling to stay above key EMAs, showing indecision in momentum. 🛑 Trade Idea: If BTC breaks below the support zone, a short position could be considered, with a stop loss just above the triangle resistance. 🔔 Note: Always manage your risk. This analysis is for educational purposes only. #Bitcoin #TechnicalAnalysis #BearishPattern #CryptoAlert
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