📊 $BTC Update
The ascending channel that held Bitcoin throughout April has officially broken down on Apr 27. Price dropped from 79.5K straight through the lower trendline, and now at 76.4K we're seeing a clean retest of the broken channel from below.
This is the classic kiss of death pattern what was support has now become resistance. These setups usually continue lower from here.
🔴 Bias: Bearish
77.5–77.8K → broken channel (now resistance)
75.6K → recent low, break opens the move
74.5K → first real horizontal support (TP1)
71K → strong demand zone (TP2)
Trade Plan:
🔻 Short on rejection from 77.5–77.8K
SL: above 78.5K | Targets: 75.6k 74.5K → 71K
🟢 Invalidation: 2H candle close above 78.2K = channel reclaim, bias flips bullish
Don't buy this dip blindly just because price looks low. Channel break + retest is one of the most reliable bearish patterns in TA. Be patient, let price come to your level, then react.
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