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BTCUSDT
Entry 112,524.0000 2025-08-28 16:57 UTC
Target 75,000.0000
Fail 127,000.0000
Risk / Reward 1 : 3
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BTCUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
Body
The analysis focuses on BTCUSDT and ETHUSDT. BTCUSDT daily chart shows a rising wedge pattern, typically bearish. Resistance at 127000 has been tested multiple times, with a support level established at 75000. A breakdown of the support suggests a potential target of 75000, with the fail at 127000. This aligns with bearish signals on the weekly timeframe. For ETHUSDT, the price action is respecting trendline support, but a bearish ascending broadening wedge pattern on the daily chart indicates potential downside. To invalidate the pattern, ETHUSDT price must break resistance and made new all time high. ETHUSDT current price 4580.
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