🚨 BINANCE BTCUSDT PERP UPDATE 🔥
$BTC Just BROKE 4-Month Ascending Channel!
Current Price: ~$71,538
Chart Analysis (Daily):
• Clean breakdown from the long-term Ascending Channel
• Lost key support after testing $70K zone
• Price now trading below the lower channel boundary
• Structure has turned bearish after multiple failed tests
Expected Scenario:
1. Acceptance below $73K
2. Possible liquidity sweep around $70K
3. Relief bounce & retest of $73K–$74K
4. Continuation lower
Trade Setup (Bearish Bias):
Short Entry: Current levels or retest of $73K – $74K
Target 1: $68,000 – $70,000
Target 2: $65,000
Target 3: $60,000 – $58,000
Stop Loss: $76,000 (above channel breakdown zone)
Recommended Leverage: 10-15x
The mini rally looks over. As long as BTC stays below the broken channel, the broader trend favors new local lows.
DYOR | Always use proper risk management | Trade responsibly!
