BTC/USDT (1-hour timeframe) on Binance.
The price has broken below a trendline and is trading under the Ichimoku Cloud, which indicates bearish sentiment.
A green arrow is drawn downward pointing to a target zone labeled “target point.”
🔍 Based on the chart:
Current price: around $107,854
The projected target point (according to my drawn line) appears to be near the $105,400–$105,600 range.
📉 Summary:
If the bearish breakdown continues:
Target: around $105,500
Potential drop: roughly 2.2%–2.4% from current levels
Invalidation (stop loss): if BTC closes back above the trendline or $109,300–$109,500 region (top of the cloud)
The price has broken below a trendline and is trading under the Ichimoku Cloud, which indicates bearish sentiment.
A green arrow is drawn downward pointing to a target zone labeled “target point.”
🔍 Based on the chart:
Current price: around $107,854
The projected target point (according to my drawn line) appears to be near the $105,400–$105,600 range.
📉 Summary:
If the bearish breakdown continues:
Target: around $105,500
Potential drop: roughly 2.2%–2.4% from current levels
Invalidation (stop loss): if BTC closes back above the trendline or $109,300–$109,500 region (top of the cloud)
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Disclaimer
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.