💰 On the 
BTCUSDT.P chart, a clear symmetrical triangle pattern has formed and already broken down, leading to a confirmed bearish impulse. Price has now returned below the POC level at $93,370.4 (Point of Control by volume), indicating weakness from buyers.
📊 Key Levels
🔴 POCBTCUSDT.P $93,370.4
— This is the highest volume area, now acting as strong resistance. As long as price remains below, short bias is favored.
🔵 SupportBTCUSDT.P $91,905.5
— A short-term target if the bearish momentum continues.
🎯 Lower Target Zone
— Indicates the full depth of the breakdown move, aiming at the $90,800–$91,000 range.
📈 Volume
➡️ Volume increased during the breakdown, then dropped as price revisited the $93,000 zone — this signals a weak retest and seller control.
📍 Important Notes
➡️ Currently,BTCUSDT.P is trading between two key zones — the POC above and the $91,900 support below.
➡️ Failure to break and hold above $93,370 keeps the bearish scenario in play.
➡️ A move below $92,600 will confirm continuation of the downtrend.
📢 Strategy Recommendations:
🚨 SHORT ScenarioBTCUSDT.P
Entry: on a retest of $93,000–$93,200 and rejection
Stop Loss: above POC ($93,450)
Targets: $92,100 → $91,900 → $90,800
🚨 Alternative LONG ScenarioBTCUSDT.P (only if POC is broken):
Entry: after a solid breakout and hold above $93,400 with volume
Target: $94,200–$94,800
Stop Loss: below $93,000
🚨 Conclusion:
BTCUSDT.P has completed the triangle pattern and is now in a retest phase. So far, signs still point to bearish continuation, with final confirmation coming from a break below $92,600.
BTCUSDT.P chart, a clear symmetrical triangle pattern has formed and already broken down, leading to a confirmed bearish impulse. Price has now returned below the POC level at $93,370.4 (Point of Control by volume), indicating weakness from buyers.📊 Key Levels
🔴 POC
BTCUSDT.P $93,370.4— This is the highest volume area, now acting as strong resistance. As long as price remains below, short bias is favored.
🔵 Support
BTCUSDT.P $91,905.5— A short-term target if the bearish momentum continues.
🎯 Lower Target Zone
— Indicates the full depth of the breakdown move, aiming at the $90,800–$91,000 range.
📈 Volume
➡️ Volume increased during the breakdown, then dropped as price revisited the $93,000 zone — this signals a weak retest and seller control.
📍 Important Notes
➡️ Currently,
BTCUSDT.P is trading between two key zones — the POC above and the $91,900 support below.➡️ Failure to break and hold above $93,370 keeps the bearish scenario in play.
➡️ A move below $92,600 will confirm continuation of the downtrend.
📢 Strategy Recommendations:
🚨 SHORT Scenario
BTCUSDT.PEntry: on a retest of $93,000–$93,200 and rejection
Stop Loss: above POC ($93,450)
Targets: $92,100 → $91,900 → $90,800
🚨 Alternative LONG Scenario
BTCUSDT.P (only if POC is broken):Entry: after a solid breakout and hold above $93,400 with volume
Target: $94,200–$94,800
Stop Loss: below $93,000
🚨 Conclusion:
BTCUSDT.P has completed the triangle pattern and is now in a retest phase. So far, signs still point to bearish continuation, with final confirmation coming from a break below $92,600.
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🔥Subscribe to our Telegram channel🔥
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Related publications
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.