BTCUSD Short-Term Update:
BTC dropped below the 80,000 USD level as ETF outflows and increased profit-taking pressure from yesterday continued to weigh on the market.
👉 1H Time frame :
A double bottom pattern is forming, with price currently retesting the neckline area.
BTC could see a recovery move toward the 80,600 – 81,200 zone during today’s session, while the market waits for the Trump–Xi Jinping meeting to determine the next major direction.
🔻 Resistance Zones:
80,500 / 81,200
🔺 Support Zones:
78,780 / 78,100
Wish you a successful trading day 🤍
BTC dropped below the 80,000 USD level as ETF outflows and increased profit-taking pressure from yesterday continued to weigh on the market.
👉 1H Time frame :
A double bottom pattern is forming, with price currently retesting the neckline area.
BTC could see a recovery move toward the 80,600 – 81,200 zone during today’s session, while the market waits for the Trump–Xi Jinping meeting to determine the next major direction.
🔻 Resistance Zones:
80,500 / 81,200
🔺 Support Zones:
78,780 / 78,100
Wish you a successful trading day 🤍
Trade active
🛎 BTCUSD Update:
👉 Price has moved up into the target zone I mentioned earlier.
Trade closed: target reached
complete the original plan
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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.
Related publications
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.