From TradingView · · 40s
Bitcoin Bearish Structure Signals Downward Move
Bitcoin's 4H chart shows a fully bearish structure with potential for further declines.
In brief
Bitcoin's 4H chart shows a fully bearish structure with potential for further declines. Bitcoin's bearish market structure indicates possible further price declines until it breaks key resistance levels. Originally reported by TradingView.
Bitcoin forms bearish structure
Bitcoin developed a bearish change of character after forming a swing high.
Sellers maintain control
Bitcoin consistently forms lower highs and lower lows indicating seller dominance.
Flip zone acts as resistance
Bitcoin trades below flip zone which has turned into resistance.
Downward targets remain
Further price declines toward marked targets possible if structure holds.
Here's the gist
Bitcoin's bearish market structure indicates possible further price declines until it breaks key resistance levels.
