Market Structure:
Bitcoin is forming a clear lower high after a strong rejection from the higher trendline. Price is currently consolidating near key support.
Key Confluences:
Descending trendline resistance
Lower High formation
Weak bullish momentum (EMA rejection)
Horizontal support about to break
Setup:
I am expecting a bearish breakdown below the support zone.
Entry:
After clean breakdown & retest confirmation
Stop Loss:
Above recent lower high
Targets:
Target 1: 61,000 zone
Target 2: 60,100 major support
Risk Management:
Maintain proper RR (minimum 1:2) and avoid early entry before confirmation.
⚠️ IMPORTANT LINE
“This is not a random trade — multiple confluences support this setup. Waiting for confirmation is key.”
DISCLAIMER:We will not be held responsible for any loss you incur
Bitcoin is forming a clear lower high after a strong rejection from the higher trendline. Price is currently consolidating near key support.
Key Confluences:
Descending trendline resistance
Lower High formation
Weak bullish momentum (EMA rejection)
Horizontal support about to break
Setup:
I am expecting a bearish breakdown below the support zone.
Entry:
After clean breakdown & retest confirmation
Stop Loss:
Above recent lower high
Targets:
Target 1: 61,000 zone
Target 2: 60,100 major support
Risk Management:
Maintain proper RR (minimum 1:2) and avoid early entry before confirmation.
⚠️ IMPORTANT LINE
“This is not a random trade — multiple confluences support this setup. Waiting for confirmation is key.”
DISCLAIMER:We will not be held responsible for any loss you incur
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.