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BTCUSDT
Short Entry 115,131.0000 2025-08-23 20:06 UTC
Target 75,000.0000 Fail 119,000.0000
Risk/Reward 1 : 10
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BTCUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
The analysis focuses on Bitcoin and Ethereum using technical analysis. Bitcoin is currently trading around 114957. A rising wedge pattern on the daily timeframe suggests a bearish outlook with a potential target around 75000; a break above 119000 would invalidate this bearish outlook. Ethereum's current price is 4717. After breaking a resistance Ethereum reached 4880, and now the market is likely bullish; it is mentioned the possibility of Ethereum reaching 5500 and 6000. Failure below 4000 would invalidate the target
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