Post #4073

🔻BTC/USD Bearish Break Alert – 1H Timeframe🔻 Bitcoin is currently showing signs of weakness as price breaks below a key ascending trendline on the H1 chart. After rejecting a strong resistance zone around $119,400, BTC has formed a lower high, confirming bearish momentum. The failure to hold the mid-range support at $118,000 increases the probability of a move towards the $115,000–$114,800 demand zone. 📉Technical Outlook: • Trendline break confirms a bearish shift in short-term structure • Liquidity sweep from the upper zone signals institutional sell-off • Targets: $117,000 → $115,000 📰Fundamental Context: • Investor risk sentiment remains fragile due to uncertainty surrounding upcoming U.S. economic data (GDP & PCE inflation) • SEC’s recent delay on spot BTC ETF applications is dampening bullish speculation • Mt. Gox repayments and wallet activity continue to spark concerns about large sell-offs • Fed policy uncertainty still weighs heavily on crypto as rate cut timing remains unclear