In the chart #BTCUSDT , the testing of the triangle base for strength from below took place.
Is it time to continue lowering the price $BTC to the targets indicated in the idea from the day before yesterday?
PS trade
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🔻 BTC/USDT — Descending Triangle. Preparing for a Break?
On the chart #BTCUSDT (4H), a clear formation of a descending triangle is observed. The upper trend line is pressing on the price, and the volume is gradually decreasing — a classic precursor to a potential breakout.
📉 Target for downward movement: $106,100 – $101,700
🔺 Cancellation of the downward scenario: breakout of the level $119,876
📊 Key levels:
Resistances: $117,874 / $114,551 / $113,422
Supports: $110,694 / $107,723 / $106,108 / $101,712
⚠️ Decreasing volume hints at a possible strong movement in the coming days.
This idea is not financial advice. DYOR.
$BTC #bitcoin #TechnicalAnalysis
On the chart #BTCUSDT (4H), a clear formation of a descending triangle is observed. The upper trend line is pressing on the price, and the volume is gradually decreasing — a classic precursor to a potential breakout.
📉 Target for downward movement: $106,100 – $101,700
🔺 Cancellation of the downward scenario: breakout of the level $119,876
📊 Key levels:
Resistances: $117,874 / $114,551 / $113,422
Supports: $110,694 / $107,723 / $106,108 / $101,712
⚠️ Decreasing volume hints at a possible strong movement in the coming days.
This idea is not financial advice. DYOR.
$BTC #bitcoin #TechnicalAnalysis
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
118,094.02
-0.25%
41
0