On the daily chart, BTCUSD forms a head and shoulders top pattern, and the short-term bearish pattern is dominant. At present, attention can be paid to the resistance near 95,000. If the rebound is blocked, short selling can be considered. The downside target is around 88,000. If the price breaks through the resistance of 100,000, it will return to the bullish trend.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.