[3:11 PM, 7/24/2025] SAJJAD MIR: Based on the BTC/USD 2H chart I'm provided here’s a breakdown of the setup and suggested Take Profit (TP) levels based on the projected bearish move:
Analysis Summary:
Bearish Trendline is respected.
Price is ranging between horizontal resistance and support.
Multiple rejections from the resistance and failure to break above.
The Support Area Zone is being tested again.
Projection indicates a breakdown below support, targeting a lower level.
Suggested Take Profits (TPs) for Short Position
TP1: 116,500 — Minor support level / psychological round number.
TP2: 114,500 — Last consolidation zone before a deeper drop.
TP3: 112,000 — Chart’s marked major target zone.
TP4 (Final Target): 111,400 Aligned with the drawn arrow and support on the chart.
Stop Loss (SL):
Above the recent swing high or above trend line: ~120,500–121,000
[3:12 PM, 7/24/2025] SAJJAD MIR: BTC/USD 2H Bearish Breakdown Setup
Analysis Summary:
Bearish Trendline is respected.
Price is ranging between horizontal resistance and support.
Multiple rejections from the resistance and failure to break above.
The Support Area Zone is being tested again.
Projection indicates a breakdown below support, targeting a lower level.
Suggested Take Profits (TPs) for Short Position
TP1: 116,500 — Minor support level / psychological round number.
TP2: 114,500 — Last consolidation zone before a deeper drop.
TP3: 112,000 — Chart’s marked major target zone.
TP4 (Final Target): 111,400 Aligned with the drawn arrow and support on the chart.
Stop Loss (SL):
Above the recent swing high or above trend line: ~120,500–121,000
[3:12 PM, 7/24/2025] SAJJAD MIR: BTC/USD 2H Bearish Breakdown Setup
Trade active
TP1: Successful 116500Note
btc breaks the support zones. hold to till major target TP3 112,000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.