This article has been translated from English to Gen Z Slang.
Bitcoin be wildin' again with the selloffs, but the bulls might just yeet themselves back in as the price hits the bottom of its ascension channel on the 4-hour chart. 📉🔍
Or are we 'bout to see a major break lower and have BTC/USD take an even bigger L? 🤔💔
Stay woke and peep these turning points, fam! ⚠️
Bitcoin (BTC/USD): 4-hour
Bitcoin (BTC/USD) 4-hour Chart by TradingView
The crypto vibes were big sad last week, with bitcoin struggling to secure the bag despite risk flows going both ways. 😢💸
BTC/USD took a nosedive early, as risk-averse peeps freaked about tariff drama, then tanked more even as risk-taking vibes came back during chill moments. 🌍📉
Is bearish momentum gonna hit us with a break under the channel support? 🐻🚨
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BTC/USD is testing the channel support around $88,000, tryna decide if it's cool to bounce back or nah, right below the pivot at $88,733.
If support comes through, we might see a move above the pivot point, showing some major buying vibes to possibly push bitcoin to R1 ($91,466) and maybe R2 ($96,365), near last week's highs.A lit bullish comeback could even launch BTC/USD to R3 ($99,098) near channel resistance or maybe another go at the $100K ceiling. 🚀🤑
But if we see those long red candlesticks cut through channel bottom, a bigger selloff might drag bitcoin to S1 ($83,834) then S2 ($81,101). 📉🚨
No matter the bias you're riding, remember to flex solid risk management and stay woke on big news catalysts that could shake the market mood. 📊⚠️
Disclaimer:
Don't forget, the technical analysis straight up here is for info and educational vibes only. Don't take it as trading advice or directional hints. Technical analysis is just one piece of a solid trading strategy. We're just pointing out areas other traders might be eyeing. Keep in mind, all trading decisions, risk flexing, and outcomes fall on you. Trade smart, peeps.
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