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BTCUSDT
Short Entry 110,280.0000 2025-09-04 20:42 UTC
Target 100,000.0000 Fail 116,000.0000
Risk/Reward 1 : 2
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BTCUSDT
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
The analysis focuses on Bitcoin, identifying a falling wedge formation. The analyst notes a rejection from a line of resistance, indicating a bearish sentiment until Bitcoin breaks above 112200. He points out a double top formation on the 4-hourly and daily charts, setting a target of 100000 if the pattern confirms with two daily candle closes. Failure to hold the previous resistance as support at 109500, would lead to further correction. A micro-time frame trend reversal requires going above 113400, targeting a CME gap closure at 116800. A break below 107200, invalidates the analysis.
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