🚨 BTC CHART WARNING: THIS IS NOT A NORMAL PULLBACK 🚨
This chart is screaming distribution → compression → breakdown risk.
Let’s break it down clearly and honestly 👇
📉 1️⃣ Descending Triangle (Contracting)
BTC failed multiple times near $96.7K resistance.
Each bounce got weaker.
That’s buyers losing strength, not consolidation for upside.
📉 2️⃣ Trendline Breakdown CONFIRMED
The long-term ascending trendline has been cleanly lost.
This flips structure from buy-the-dip to sell-the-rally.
📉 3️⃣ Falling Wedge = Relief, NOT Reversal
Yes, falling wedges can break up, but in this context, it’s a bearish continuation structure after distribution.
📉 4️⃣ Strong Support Zone Tested
Price is reacting near $85.9K–$86K.
This level matters.
⚠️ Lose this zone → $83K–$81K opens fast
⚡ Hold & reclaim trendline → relief bounce only, not a new bull leg.
🧠 Key Insight Most Miss:
Breakdowns don’t happen with panic, they happen when everyone expects a bounce.
📌 Bias (Short-Term): Caution > Conviction
📌 Bias (Structure): Bearish until trendline reclaimed
👇 What do you see next?
Bounce or deeper flush?
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