Technical Analysis – BTC/USD (Short-Term Outlook)📉 Technical Analysis – BTC/USD (Short-Term Outlook)
Chart Pattern: Rising Flag
Bias: Bearish continuation
Current Price: ~$86,100
Target Price: $77,650
Pattern Implication:
A rising flag is typically a bearish continuation pattern, forming after a sharp downward move (flagpole).
Price consolidates upwards in a tight channel (the flag), then usually breaks downward continuing the original bearish trend.
🔍 Key Observations:
BTC is currently moving within a rising channel, forming lower momentum highs.
Volume is gradually declining during the upward flag movement — a classic sign of a weak bullish retracement.
AO Indicator below shows diminishing bullish strength, indicating momentum is weakening.
The expected breakdown zone aligns with your marked trendline intersection (around early April).
Target is marked at $77,650, based on measured flagpole projection.
📉 Possible Scenario:
If BTC breaks below the lower flag trendline with strong volume, it could quickly head toward the $77,650 zone.
Expect short-term support at ~$82,000 and ~$79,000, but these may not hold if breakdown confirms.
🔁 Invalidating the Bearish View:
A decisive breakout above $88,000 with strong volume may invalidate the flag.
In that case, a retest of $90,000–$92,000 range is possible.
⚠️ Disclaimer:
This analysis is for educational and informational purposes only. It does not constitute financial advice or investment recommendation. Always conduct your own research and consult with a certified financial advisor before making trading decisions. Cryptocurrency markets are highly volatile; trade at your own risk.
