BTCUSDT Triangle Breakdown Setup - Bears Eye 76,300 Support

Hello traders! Here’s my technical outlook based on the current BTCUSDT (1H) chart structure. BTCUSDT previously traded inside a descending channel, confirming bearish market pressure. Currently, BTCUSDT is trading below the 77,800 seller zone while holding above the 76,300 buyer zone, which acts as the key support area. Price recently formed a tightening triangle structure and failed to break above the descending resistance line, signaling that sellers remain active and bearish momentum is still dominating the market. As long as BTCUSDT remains below the 77,800 resistance zone and continues to respect the descending resistance structure, the bearish scenario remains valid. A continuation lower could push price toward the 76,300 support zone (TP1). Please share this idea with your friends and click "Boost" 🚀

Сделка закрыта: достигнута тейк-профит цена

As you can see, our triangle pattern broke down and the price went lower than I expected. Overall, our target was reached and at the moment the price has regained its original level!

LegionQ8

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LegionQ8

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