🔻 BTCUSDT Breakdown – Where Is the Next Bounce? 🔻
Bitcoin has broken below a crucial support level, confirming a bearish continuation. The price action is following a curved decline, indicating further weakness.
🔹 Key Observations:
📉 Bearish Breakdown: BTC has failed to hold support and is now in a downtrend.
🔎 Short-Term Support Zone: $82,000 – $81,000 (potential temporary bounce area).
📌 Major Reversal Area: $79,000 – $78,000, where significant demand could appear.
🛠️ Technical Outlook:
Breakdown Structure: BTC’s inability to reclaim previous highs resulted in this sharp decline.
Potential Scenarios:
✅ Scenario 1: A bounce from $82,000 before another leg down.
✅ Scenario 2: A deeper drop to $78,000, followed by a reversal.
📉 Trading Plan:
🔹 Short on Retests: If BTC retests previous support and fails, a short opportunity exists.
🔹 Look for Reversal Signs: If BTC finds support at $78,000, a long position could be considered.
🔹 Risk Management: Maintain tight stop losses due to potential high volatility.
⚠️ Keep an eye on price action around support levels for the next major move! ⚠️
💬 What do you think—Will Bitcoin bounce back or continue dropping? Share your thoughts! 🚀👇
#BTC #Crypto #Bitcoin #Trading #TechnicalAnalysis
Bitcoin has broken below a crucial support level, confirming a bearish continuation. The price action is following a curved decline, indicating further weakness.
🔹 Key Observations:
📉 Bearish Breakdown: BTC has failed to hold support and is now in a downtrend.
🔎 Short-Term Support Zone: $82,000 – $81,000 (potential temporary bounce area).
📌 Major Reversal Area: $79,000 – $78,000, where significant demand could appear.
🛠️ Technical Outlook:
Breakdown Structure: BTC’s inability to reclaim previous highs resulted in this sharp decline.
Potential Scenarios:
✅ Scenario 1: A bounce from $82,000 before another leg down.
✅ Scenario 2: A deeper drop to $78,000, followed by a reversal.
📉 Trading Plan:
🔹 Short on Retests: If BTC retests previous support and fails, a short opportunity exists.
🔹 Look for Reversal Signs: If BTC finds support at $78,000, a long position could be considered.
🔹 Risk Management: Maintain tight stop losses due to potential high volatility.
⚠️ Keep an eye on price action around support levels for the next major move! ⚠️
💬 What do you think—Will Bitcoin bounce back or continue dropping? Share your thoughts! 🚀👇
#BTC #Crypto #Bitcoin #Trading #TechnicalAnalysis
Trade closed: target reached
Nailed It! BTC Breakdown Played Out Exactly As Predicted! 🔥📉 Bitcoin's breakdown move was caught perfectly! The expected price action unfolded exactly as analyzed, with BTC breaking down, hitting the target demand zone, and now reacting.
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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.