$BTC Today's Analysis | H1 timeframe


BIAS

  • Mid-Term: BULLISH 📈

  • Short-Term: BEARISH 📉

MARKET OVERVIEW

📊 Bitcoin's price action on the H1 timeframe is consolidating between key support and resistance levels.

  • Current Resistance Zone:
    The price is facing resistance at $90,133 to $89,649.
    🔼 A breakout above this range could pave the way for further bullish momentum.

MAIN INTEREST LEVELS

  • ⬇️ SHORT Entry: $89,694

  • ⬆️ LONG Entry: $90,133

PREDICTED DAILY RANGE

  • Low: $86,424

  • High: $97,642

ACTION PLAN

📊 On the H1 chart, Bitcoin is forming a descending triangle pattern, which often signals a potential breakout.

  • Breakout Watch: The price is attempting to breach the resistance trendline of the triangle.

  • Key Move: A successful breakout and flip of the $90,133 to $89,694 resistance zone could confirm upward momentum, setting the stage for significant gains. 🚀

Stay updated and manage risk as we monitor these critical levels for opportunities.


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