$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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