Post
Trisha_Saha
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BTCUSDT bear flag formation✅💫🧨
BTCUSDT is currently trading within a bear flag structure on the daily chart, following a strong impulsive move to the downside. After the sharp sell-off, price has been consolidating in an upward-sloping channel, which is characteristic of a corrective move rather than a trend reversal.
In the short term, a relief rally is expected. Price could push higher toward the $98,000 area, which aligns with key moving averages and the upper boundary of the bear flag. This zone is likely to act as strong resistance, and a rejection here would further validate the bearish continuation setup.
However, from a broader technical perspective, the overall structure remains bearish. If the bear flag breaks down as anticipated, the measured move projection points toward the $60,000 level as a technical downside target. This level also aligns with a major historical demand zone, making it a logical objective for bears if momentum accelerates lower.
Summary:
Short-term expectation: Bounce/rally toward ~$98,000
Key structure: Bear flag on the daily chart
Invalidation: Strong daily close above flag resistance
Bearish continuation target: ~$60,000
This setup favors patience—watching for rejection at resistance before continuation—rather than chasing the current consolidation.
$BTC
{future}(BTCUSDT)
In the short term, a relief rally is expected. Price could push higher toward the $98,000 area, which aligns with key moving averages and the upper boundary of the bear flag. This zone is likely to act as strong resistance, and a rejection here would further validate the bearish continuation setup.
However, from a broader technical perspective, the overall structure remains bearish. If the bear flag breaks down as anticipated, the measured move projection points toward the $60,000 level as a technical downside target. This level also aligns with a major historical demand zone, making it a logical objective for bears if momentum accelerates lower.
Summary:
Short-term expectation: Bounce/rally toward ~$98,000
Key structure: Bear flag on the daily chart
Invalidation: Strong daily close above flag resistance
Bearish continuation target: ~$60,000
This setup favors patience—watching for rejection at resistance before continuation—rather than chasing the current consolidation.
$BTC
{future}(BTCUSDT)
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