Bitcoin has broken out of its short-term downtrend
BTC/USD | 1H Technical Analysis
Bitcoin has broken out of its short-term downtrend, signaling a potential shift toward a bullish market structure.
Support Zone: 64,100
Buy Zone: 64,700
As long as price remains above the key support area and buyers maintain momentum, the following upside targets come into focus:
Target 1: 64,900
Target 2: 65,500
Target 3: 66,700
Market View:
- Bullish bias on the 1-hour timeframe.
- Trendline breakout indicates increasing buying pressure.
- Wait for confirmation before entering and always follow proper risk management.
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own analysis before making trading decisions.