Bitcoin is currently forming a Descending Triangle Chart Pattern, which is typically a bearish formation. Price is struggling to break above the descending resistance line, and now we’re watching for a potential rejection and breakdown.
🛠Technical Breakdown:
✅ Descending Resistance Line holding firm
✅ Repeated lower highs
✅ Flat base support near $78,000
✅ Bearish reaction from resistance zone
📉 Bearish Scenario:
If BTC fails to break the descending trendline, expect a move back toward $78,000, and if that support breaks — we may see a sharp drop toward $74,000–$72,000.
🚨 Trade Smart:
This is a high-risk zone. If price breaks the pattern to the downside, short setups could be in play. Stay alert, manage your risk, and let the market confirm the move!
LIKE, COMMENT & FOLLOW for more real-time trade ideas and chart breakdowns!
Let’s trade smart, not emotional!
🛠Technical Breakdown:
✅ Descending Resistance Line holding firm
✅ Repeated lower highs
✅ Flat base support near $78,000
✅ Bearish reaction from resistance zone
📉 Bearish Scenario:
If BTC fails to break the descending trendline, expect a move back toward $78,000, and if that support breaks — we may see a sharp drop toward $74,000–$72,000.
🚨 Trade Smart:
This is a high-risk zone. If price breaks the pattern to the downside, short setups could be in play. Stay alert, manage your risk, and let the market confirm the move!
LIKE, COMMENT & FOLLOW for more real-time trade ideas and chart breakdowns!
Let’s trade smart, not emotional!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.