Dear traders,
Technical Analysis of BTCUSDT (Bitcoin/USDT) – July 11, 2025
🕐 Timeframe: 4H
Price has broken above the major resistance at $110,000 and is now trading around $118,000, forming a Diamond Top pattern — a classic reversal formation that may signal an upcoming downtrend or correction.
🔻 Key Highlights:
Major Resistance: $118,000 – current top and potential reversal point.
Key Support: $110,000 – if broken, next targets may lie around $95,000–$100,000.
Diamond Pattern: Typically a bearish reversal signal after a strong uptrend.
RSI Indicator: Currently in overbought territory (above 85), suggesting buyer exhaustion.
📉 Possible Scenario:
Price may reverse from $118,000 -120,000 and test the $110,000 support. A break below that could lead to a deeper correction in the coming weeks.
Regards,
Alireza!
Technical Analysis of BTCUSDT (Bitcoin/USDT) – July 11, 2025
🕐 Timeframe: 4H
Price has broken above the major resistance at $110,000 and is now trading around $118,000, forming a Diamond Top pattern — a classic reversal formation that may signal an upcoming downtrend or correction.
🔻 Key Highlights:
Major Resistance: $118,000 – current top and potential reversal point.
Key Support: $110,000 – if broken, next targets may lie around $95,000–$100,000.
Diamond Pattern: Typically a bearish reversal signal after a strong uptrend.
RSI Indicator: Currently in overbought territory (above 85), suggesting buyer exhaustion.
📉 Possible Scenario:
Price may reverse from $118,000 -120,000 and test the $110,000 support. A break below that could lead to a deeper correction in the coming weeks.
Regards,
Alireza!
Trade active
7K Downward movement from top ...Lets update another forecast
💰MY FREE FOREX CRYPTO SIGNALS TELEGRAM CHANNEL: : t.me/Alirezaktrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰MY FREE FOREX CRYPTO SIGNALS TELEGRAM CHANNEL: : t.me/Alirezaktrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.