Bitcoin is showing signs of exhaustion near key resistance levels, with bearish divergence on the 4H RSI and potential rejection from a major supply zone. If price confirms a breakdown below immediate support, a short position targeting a 1:3 risk-reward ratio could materialize within the next two days. Key levels, entry/exit points, and stop-loss zones detailed in the analysis.
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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.