$BTC Technical Update – Descending Channel Setup 📉
Structure: Price trending inside a descending channel on the 15-min chart. After a brief push above the midline, it’s retesting the upper half of the channel.
Trade Plan:
• Entry Zone: ~88,057 (blue line) — looking for a lower-timeframe rejection near channel’s upper boundary
• Invalidation: Break & hold above ~93,123 (red line) → reassess structure
Targets (Green Lines):
• T1: ~87,003
• T2: ~86,031
• T3: ~85,039
Context: Trend remains bearish within the channel until a clear acceptance above the upper boundary. Wait for bearish reaction signals (wick, engulfing, failed breakout) rather than pre-empting.
Risk Management: Small position sizing, move to break-even after T1; close above invalidation = neutral.
📌 Educational content only – not financial advice. Levels approximate, adapt to price action.
