✍️ BTC/USD Technical Analysis – 2H Chart Breakdown 📉💡

Here’s a quick look at what the 2-hour candlestick chart on TradingView reveals for Bitcoin (BTC/USD):

🔍 Chart Overview:

1. 📉 Trend Lines:

A downtrend was followed by a relief rally, both shown with blue trendlines.

The price recently peaked and is now showing early signs of a pullback.

2. ⚠️ Pattern Indication:

The structure resembles a bearish rising wedge or bear flag.

A breakdown from the peak signals a potential downward move.

3. 🎯 Target Zone:

Projected downside target: $103,599

This aligns with a purple support zone, a previous area of price consolidation.

4. 📊 Volume Action:

Volume spiked during the last upward push and again near the top—suggesting exhaustion and possible trend reversal.

5. 💵 Current Price:

BTC is trading around $105,836, down slightly (−0.07%).

📉 What It Means (Implication):

Bitcoin is flashing a short-term bearish signal. A drop toward $103,599 seems likely, especially if the rising wedge breakdown confirms.
This could lead to a lower high formation and possibly resume the larger downtrend.

🧠 Pro Tip:

If you’re trading short-term:
🔸 Watch for confirmation below the wedge support.
🔸 Monitor volume & momentum indicators like RSI or MACD to time entries/exits.

🚨 Stay alert and trade smart – BTC’s next move might just test your discipline!
📈 Want RSI/MACD analysis, Fibonacci levels, or entry/exit setups? Just ask! 🔥
#BTC #ETH #SOL #WIF #DOGE