$BTC /USDT: Bearish Continuation
The $BTC/USDT 15-minute chart shows a clear bearish continuation, trading just above the critical 24-hour low of $85,604. The immediate trend is characterized by a series of lower highs, indicating that recovery attempts are being aggressively sold into, and momentum remains firmly to the downside. A failure to hold the current support zone suggests a high probability of a deeper corrective wave.
Trade Setup:
Entry is advised on a break below the $85,604 support level. Target 1 is $84,500, followed by Target 2 at $83,000, and a deeper Target 3 at $81,000. Stop loss (SL) must be placed safely above the recent swing high at $87,500.
Short Outlook: Bitcoin's market sentiment is negative, with macro factors driving the asset lower. A sustained break below the current low will likely lead to a rapid move toward the next major structural support near $80,000.