$BTC STRUCTURE BREAKDOWN: BEARISH MOMENTUM ACCELERATING AFTER SUPPORT FAILURE 📉
Entry: 61,850 - 62,150 🔥
Target: 61,000, 60,750, 60,200, 59,500, 59,130 🚀
Stop Loss: 63,600 ⚠️
The breakdown of key structural support following yesterday’s equity market volatility signals a shift in control toward the sellers. Price is currently testing the underside of previous demand, and a failure to reclaim the 62,000 zone confirms the bearish bias.
Volume profiles suggest increased distribution as we approach the psychological 60,000 level. Maintaining a tight stop above the recent swing high is essential to mitigate exposure if this breakdown turns into a liquidity trap. Do you expect the 60,000 handle to hold or will we see a deeper flush?
Not financial advice. Always manage your risk.
#BTC #ShortSetup #MarketStructure #PriceAction 🎯