1. Rising Trendline Broken
BTC violated a major ascending trendline that held for days. After the breakdown, the retest failed, confirming bearish momentum.
This is a classic pattern:
Breakdown → Retest → Continuation Down
2. Triple Resistance Rejection
Price tapped the same resistance zone three times and failed each time. This created a triple-top / rising wedge setup - typically bearish
3. Symmetrical Triangle Breakdown
A smaller triangle inside the structure also broke downward, adding multi-timeframe confluence to the bearish move.
4. Key Levels to Watch
Support:-
$89,000 - $88,500
$86,500 - $85,800
$83,500 - $82,800 (High probability target)
Bullish only if:
BTC reclaims the trendline and closes above $92K → $94K.
Until then, the trend stays short-term bearish.
BTCUSDT
Perp
89,980.1
+0.01%
