🚨 BTC Alert: Is $50K Incoming? 📉
Looking at the BTC/USDT 4H chart a textbook bearish pattern is playing out perfectly.
📉 The Breakdown:
The Pattern: After a massive drop from the highs, BTC formed a clear ascending corrective channel (bear flag).
The Breakout: Price has cleanly broken down from that channel, triggering a sharp leg lower.
The Target: If this measured move fully copies the first drop, the technical target sits right at $50,599.
🧱 Key Levels to Watch:
Support: $60,000 is the ultimate line in the sand. If this breaks, expected acceleration down to $50k.
Resistance: $65,640 needs to be reclaimed by the bulls to invalidate this bearish momentum.
⚠️ Verdict: The bears are currently in control. Watch the $60k level closely for a potential make-or-break moment.
What’s your move? Buying the dip or waiting for $50k? 👇