Bitcoin
Short
Updated

Current Price Around 60,200 where seller beginning show pressure

422
BTC/USD Technical Analysis – 1H Time Frame

Market Overview

Bitcoin continues to maintain a bearish structure on the 4-hour time frame, indicating that sellers remain in control of the overall market trend. Until the higher-time-frame trend changes, every rally into resistance should be treated as a potential selling opportunity rather than a buying opportunity.

On the 1-hour chart, price is currently trading around 60,200, where bearish price action is developing. The major resistance zone is positioned near 61,600. As long as price remains below this resistance, the probability continues to favor further downside.

Trading Plan

The preferred strategy is to wait for clear bearish confirmation on the 1-hour chart before executing any short position. Confirmation may include:

Bearish engulfing candlestick.

Strong rejection from resistance.

Lower high formation.

Bearish market structure break.


Entering without confirmation increases unnecessary risk. Patience and discipline are essential for consistent trading performance.

Key Resistance

61,600 – Major resistance and potential sell zone.

Current Price: Around 60,200, where sellers are beginning to show pressure.


Technical Bearish Targets

Target 1: 59,200

Target 2: 57,800

Target 3: 53,400


Trading Psychology

Successful trading is built on discipline, patience, and consistency—not emotion. Focus only on high-probability technical setups that align with the higher-time-frame trend. Never chase the market, never force an entry, and always follow your trading plan with strict risk management.

Every profitable trader follows a routine:

Analyze the higher-time-frame trend.

Identify key support and resistance.

Wait for confirmation.

Execute with discipline.

Manage risk professionally.


Stay focused, strengthen your mindset, trust your analysis, and let the market come to your setup. Consistency, patience, and hard work are the foundation of long-term success.

Regards Expert Trader
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Disclaimer

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