BTC/USDT Technical Analysis – Bearish Outlook

4 giorni fa

hello guys.

Market Structure & Pattern
Bitcoin is forming a descending wedge, with lower highs indicating weakening bullish momentum.
The price is testing the ascending trendline support, which, if broken, could lead to further downside.

Anticipated Move
A short-term bounce may occur, but a rejection from resistance is expected.
BTC is likely to break below support, leading to a move toward the $80,000 - $81,000 demand zone.

Key Levels to Watch

• Resistance: $89,200 – $90,000 (Potential rejection area)
  
• Support: $85,000 (trendline), then $80,000 - $81,000 (target zone
  

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Confirmation & Invalidations
A confirmed break below the trendline supports the bearish outlook.
Bullish invalidation: A strong breakout above $89,200 - $90,000 could shift momentum back to the upside.

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Conclusion
The current structure suggests a bearish breakdown, with a target of $80,000 - $81,000 unless resistance is broken. Monitoring price action at key levels is crucial for confirmation. 🚨

3 giorni fa

Trade attivo

the breakout happened.

#btcusdt #bitcoin

l’altro ieri

Trade chiuso: obiettivo raggiunto