A descending flag is forming at $BTC , indicating the continuation of the recent downtrend. 📉🔻 After a strong sell-off, the price is consolidating in a tight range, but buyers remain weak while sellers dominate, making selling the preferred strategy now.
From a technical perspective, BTC is printing lower highs and lower lows within the flag structure. Volume confirms the bearish bias: it decreases on minor recoveries and increases on downward moves, showing clear dominance in selling. ⚠️📊 Tokens like SENT and DUSK also reflect weakness, reinforcing the bearish market environment, while emotion-driven assets like TRUMP often follow broader market pullbacks. 🪙📉
The market structure favors short positions. Any bounce towards the upper boundary of the flag is likely to be sold off aggressively, maintaining downward pressure. BTC is ideal for selling strategies on recoveries, with further declines possible if the flag breaks down decisively.
The broader market correlation supports the bearish case. Assets like ZEC and ZEN often experience delayed continuation moves, while XNY, PIPPIN, and BEAT accelerate downward during bearish phases. Ecosystem-focused tokens like POWER and RIVERS also lose momentum, reinforcing the bearish setup for BTC. 💵📊
For traders, optimal short entry points are near the flag resistance or upon a confirmed breakdown below support. Maintaining positions as long as BTC is below the flag keeps the risk-reward ratio favorable. Minor recoveries are expected to be sold.
Risk management is critical. The bearish flag is only invalidated if BTC breaks above the upper boundary of the flag with strong buying volume. Until that happens, the odds favor continued declines. Historically, bearish flags often accelerate selling once the breakdown occurs.
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