BTC/USD chart pattern.

Aug 26

BTC/USD chart drawn support/resistance levels and target zones. Let’s break it down:

📉 Current Situation

Price is around $110,051.

It has broken below a trendline and the Ichimoku cloud, suggesting bearish momentum.

The my chart shows two potential downside target points.


🎯 Target Levels (as per your chart)

1. First Target Zone: Around $100,000 – $102,000
(Marked by the first horizontal red zone, likely a strong support level).


2. Second Target Zone: Around $92,000 – $94,000
(The larger red zone further below, which looks like a major support and final bearish target).



⚠ Notes

These targets assume the bearish trend continues without strong reversal signals.

If BTC bounces back above $114,000 – $116,000, it may invalidate the bearish targets.

Always use stop-loss risk management since BTC can move sharply.

Aug 26

Trade active

trade active