BTC/USDT Bearish Breakdown – Short Setup Targeting 73K

Bitcoin is forming lower highs within a descending wedge pattern, failing to reclaim the key resistance zone around 89K. The price is consistently rejecting from the upper wedge trendline, with weak bullish momentum as shown by flat RSI (~48) and ADX convergence.

A breakdown from the current structure could trigger a bearish move. Volume is decreasing on upswings, while red candles dominate near EMA clusters. The 200 EMA and the previous support near 85.3K has now flipped into resistance.

Entry: 85,389
Stop Loss: 89,000 (above wedge resistance and last swing high)
Target: 73,000 (near key horizontal support + wedge bottom projection)

Bearish confirmation increases below 84K with strong volume. Risk management essential as volatility remains high. Watching for confluence from macro and ETF flows.