BTC/USD - Bearish Break & Retest SetupMarket Overview :
Bitcoin (BTC/USD) has broken below a key consolidation zone after trading in a range between $90,000 - $108,000 for several weeks. The price is now attempting a retest of the previous support, which has turned into a resistance (supply zone) before a potential continuation to the downside.
Chart Pattern & Technical Setup:
📉 Break & Retest Structure: The price has broken below the previous range and is now testing the $87,000 - $91,000 resistance zone.
📉 Lower High Formation: BTC is expected to create a lower high before continuing its downward trend.
📉 Bearish Wave Projection: The chart suggests a zigzag movement, forming successive lower highs and lower lows, targeting $67,399 as the next support level.
Trade Setup:
Bias: Bearish
Entry: Sell limit at $87,000 - $91,000 (Supply Zone)
Stop Loss: Above $95,000 (Invalidation Level)
Take Profit: $67,399 (Next Key Support)
Confluences Supporting Bearish Bias:
✅ Supply Zone Rejection: The resistance area is likely to attract sellers.
✅ Market Structure Shift: A break below the previous range indicates a trend reversal.
✅ Lower High Confirmation: A rejection at resistance will confirm the bearish outlook.
Risk Management:
Risk-Reward Ratio (RRR): 1:3+
Position Sizing: Adjust based on risk tolerance.
Alternative Scenario:
A break and close above $95,000 would invalidate the bearish setup, signaling a potential bullish continuation.
📌 Disclaimer: This analysis is for educational purposes only. Always manage risk properly before entering a trade.
D1range
Perfect NZDCHF Sell OpportunityPair is expected to move inside the H4/D1 range.
Until the last high holds, we can looks for sells towards the bottom of the range.
The uptrend line on H1 chart can be used as our trigger.
Protection should be placed above 0.7050.
Target 1 – 0.6890
Target 2 – 0.6770
Invalidation – If price breaks above 0.7050 before we get triggered.