Market Structure & Analysis:
Rising Wedge Formation: Price has been moving within a rising wedge pattern, which is typically a bearish reversal pattern.
Bearish Breakdown Expected: BTC is testing the lower boundary of the wedge, indicating a potential breakdown.
Resistance Zone:
$89,649 – Key resistance level preventing further upside.
$88,336 – Local resistance that price failed to sustain above.
Support Levels:
$86,852 - $85,335 – Intermediate support range.
$80,402 – Main target for a bearish move.
$76,725 – Secondary support in case of further decline.
Trading Plan:
Sell Setup:
Wait for confirmation of a breakdown below the wedge.
Enter short if price closes below $86,852 with volume confirmation.
Stop Loss: Above $88,336 to avoid false breakouts.
Take Profit Targets:
TP1: $84,474 (first support level).
TP2: $80,402 (main target).
TP3: $76,725 (extended bearish target).
Risk Factors:
If BTC finds strong support at $86,852, a bounce could invalidate the bearish setup.
Macro events (ETF approvals, institutional buy-ins, Fed rate decisions) may impact price action.
Rising Wedge Formation: Price has been moving within a rising wedge pattern, which is typically a bearish reversal pattern.
Bearish Breakdown Expected: BTC is testing the lower boundary of the wedge, indicating a potential breakdown.
Resistance Zone:
$89,649 – Key resistance level preventing further upside.
$88,336 – Local resistance that price failed to sustain above.
Support Levels:
$86,852 - $85,335 – Intermediate support range.
$80,402 – Main target for a bearish move.
$76,725 – Secondary support in case of further decline.
Trading Plan:
Sell Setup:
Wait for confirmation of a breakdown below the wedge.
Enter short if price closes below $86,852 with volume confirmation.
Stop Loss: Above $88,336 to avoid false breakouts.
Take Profit Targets:
TP1: $84,474 (first support level).
TP2: $80,402 (main target).
TP3: $76,725 (extended bearish target).
Risk Factors:
If BTC finds strong support at $86,852, a bounce could invalidate the bearish setup.
Macro events (ETF approvals, institutional buy-ins, Fed rate decisions) may impact price action.
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.