S&P 500 Index
Short

BTCUSD shows a clear downtrend

76
๐Ÿš€ BTCUSD Analysis: Preparing for a Potential Move ๐Ÿ“‰

Analyzing BTCUSD across multiple timeframes โ€“ **Weekly**, **Daily**, and **4-hour** โ€“ suggests a bearish correction is imminent.

๐Ÿ“‰ Current Price:** $97,706**
Potential Target:** $94,000 - $92,500 zone**


๐Ÿ”ป Key Levels to Watch:
๐Ÿ”น **Immediate Support:** $95,000 - $94,000
๐Ÿ”น **Resistance:** $100,000 - $102,500

๐Ÿ”’ Suggested Stop Loss:** Above $102,000**

๐Ÿ“Š Technical Signals:
๐Ÿ”ธ **RSI Overbought:** Indicates a possible correction
๐Ÿ”ธ **Lower Highs:** Suggests weakening bullish momentum
๐Ÿ”ธ **Bearish Divergence:** Detected on the 4-hour chart



  1. **Bearish View:** Expecting a drop toward the $92,500 range if support at $95,000 fails.
  2. **Bullish View:** Breakout above $100,000 may resume the uptrend.


โš ๏ธ **Note:** If BTCUSD falls below $92,500, we could see an extended bearish correction. โš ๏ธ


๐Ÿ”” **Be sure to follow updated ideas for real-time insights!** ๐Ÿ””

โฐ **Analysis Time:** BTCUSD across multiple timeframes.

โš–๏ธ **Always set a Stop Loss** to protect your capital! ๐Ÿšจ

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