@YTSCrypto

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If You Had Traded on This Analysis…
Pending
BTCUSDT
Short Entry 107,761.0000 2025-09-01 22:09 UTC
Target 75,000.0000 Fail 125,000.0000
Risk/Reward 1 : 2
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BTCUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bear Market
The analysis begins with Bitcoin, currently trading around $108,707. Bitcoin's monthly chart indicates that the August candle closed red, despite the month seeing an all-time high. September is historically bearish, but there's a chance this month will close green. A bearish pattern is observed on Bitcoin's daily timeframe with a rising wedge formation, typically indicating a price decrease. If this pattern plays out, the target price could be $75,000. However, it is noted that if the trend break resistance 130000-140000 the bearish pattern fails and the price will be bullish. Major support currently lies at $107,400, with resistance at $110,000. Fibonacci retracement levels were drawn from a high point showing a support. Ethereum's one-hour chart shows a symmetrical triangle, generally a bullish pattern, with a target over $5,000. Daily timeframe exhibits the bearish pattern. An alternative scenario is where it does not break $4000, and it hits $2100-$3000 again.
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