$$BTC Short Setup: Trendline Breakdown & Retest
Bitcoin just confirmed a classic Break & Retest setup on the lower timeframes. After a period of consolidation, $BTC broke below the ascending support line (blue), signaling a shift in momentum.
We saw a perfect rejection at the $68,700 retest level, confirming the trendline has flipped from support to resistance. With the Fear & Greed Index showing extreme caution and geopolitical tensions weighing on risk assets, I’m targeting the $68,135 liquidity zone.
Trade Details:
Entry: $68,689
SL: $68,766 (Tight risk management)
TP: $68,135
Trade safe! 🚀 #bitcoin #tradingStrategy #BinanceSquare #CryptoAnalysis
Bitcoin just confirmed a classic Break & Retest setup on the lower timeframes. After a period of consolidation, $BTC broke below the ascending support line (blue), signaling a shift in momentum.
We saw a perfect rejection at the $68,700 retest level, confirming the trendline has flipped from support to resistance. With the Fear & Greed Index showing extreme caution and geopolitical tensions weighing on risk assets, I’m targeting the $68,135 liquidity zone.
Trade Details:
Entry: $68,689
SL: $68,766 (Tight risk management)
TP: $68,135
Trade safe! 🚀 #bitcoin #tradingStrategy #BinanceSquare #CryptoAnalysis