🔻 1. Rising Trendline Broken
BTC violated a major ascending trendline that held for days. After the breakdown, the retest failed, confirming bearish momentum.
This is a classic pattern:
➡️ Breakdown → Retest → Continuation Down
🔺 2. Triple Resistance Rejection
Price tapped the same resistance zone three times and failed each time. This created a triple-top / rising wedge setup — typically bearish
📉 3. Symmetrical Triangle Breakdown
A smaller triangle inside the structure also broke downward, adding multi-timeframe confluence to the bearish move.
🧱 4. Key Levels to Watch
Support:-
$89,000 – $88,500
$86,500 – $85,800
$83,500 – $82,800 (High probability target)
Bullish only if:
BTC reclaims the trendline and closes above $92K → $94K.
Until then, the trend stays short-term bearish.
BTC violated a major ascending trendline that held for days. After the breakdown, the retest failed, confirming bearish momentum.
This is a classic pattern:
➡️ Breakdown → Retest → Continuation Down
🔺 2. Triple Resistance Rejection
Price tapped the same resistance zone three times and failed each time. This created a triple-top / rising wedge setup — typically bearish
📉 3. Symmetrical Triangle Breakdown
A smaller triangle inside the structure also broke downward, adding multi-timeframe confluence to the bearish move.
🧱 4. Key Levels to Watch
Support:-
$89,000 – $88,500
$86,500 – $85,800
$83,500 – $82,800 (High probability target)
Bullish only if:
BTC reclaims the trendline and closes above $92K → $94K.
Until then, the trend stays short-term bearish.
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.
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.