Right now, BTC is short-term bearish, trading below the green structure around $90,000. As long as price remains under this level, upside momentum stays capped and the market is vulnerable to more downside.
The key risk level is clear:
If BTC breaks below the lower blue trendline, this would signal a shift into a long-term bearish phase, opening the door for a deeper move toward the $80,000 area.
On the flip side, there’s still a bullish path:
If BTC manages to reclaim and hold above the $90,000 structure, momentum flips back in favor of the bulls, with price targeting the upper bound of the wedge near $100,000.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
The key risk level is clear:
If BTC breaks below the lower blue trendline, this would signal a shift into a long-term bearish phase, opening the door for a deeper move toward the $80,000 area.
On the flip side, there’s still a bullish path:
If BTC manages to reclaim and hold above the $90,000 structure, momentum flips back in favor of the bulls, with price targeting the upper bound of the wedge near $100,000.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📊I help you turn charts into a career
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theSignalyst.com
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Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.