BTCUSD Analysis | is 100k the Next Target?🔍 Chart Breakdown:
Price previously formed a range under key resistance at $108,800.
A Triangle Pattern emerged after a sharp rejection from the resistance zone.
The recent breakdown from this pattern signals bearish momentum.
Support Level: $100,513 — Key level to watch for a potential bounce or further breakdown.
📊 Scenarios to Watch:
🔴 Bearish Case (Preferred):
Breakdown continuation below $104,000 could trigger a move toward the $100,500 support.
Clean rejection from triangle breakdown area confirms the bearish structure.
🟢 Bullish Case (Less Likely):
If BTC holds above $104,000 and breaks above the mid-range zone (~$106,500), a retest of $108,800 is possible.
Watch for fakeouts at the top of the range.
💡Trade Ideas:
Short opportunities on breakdown retest or rejection from $106,000–106,500.
Potential long only if $108,800 is broken with strong volume confirmation.
🛑 Risk Management:
Always use stop-loss. Monitor BTC dominance and macro sentiment for confluence.
💬 What do you think? Bearish breakdown or fakeout trap? Let’s discuss below!
