BTC/USD 1H CHART PATTERNBitcoin / TetherUSBINANCE:BTCUSDTTEAM_USA12This chart shows a 1-hour candlestick analysis for Bitcoin (BTC/USDT) on Binance. Here's a breakdown of what's being suggested: 🧠 Interpretation: Current Price: Around $109,727.87 Bearish Projection: The chart outlines a potential short setup (downward move). Target 1: $106,900 Target 2: $103,100 🟦 Key Levels: The blue zones are likely support/resistance areas: Upper Zone (~$107,000): Support-turned-resistance. Lower Zone (~$103,100): Previous strong support. 📉 Analysis Suggestion: The chart suggests a potential drop in price, with the path showing a retracement to $106,900 (Target 1), then potentially continuing downward to $103,100 (Target 2). This could be based on a failed breakout or bearish divergence. 🔍 Watch for: Price rejection or confirmation near the $110,000 mark. Volume: A spike in volume could confirm the bearish move. Candle Patterns: Look for bearish engulfing or shooting star patterns to validate the setup. Would you like help turning this into a trading plan, or want a bullish counter-scenario too?