BTC/USD - Bearish Reversal Setup Ahead!

yesterday

**🔻 BTC/USD – Bearish Reversal Setup Ahead 🔻**

After a strong bullish rally, BTC/USD is showing early signs of a potential correction.

📉 **Key Observations:**

* Price has formed a rising channel, often a sign of weakening momentum before a reversal.
* Breakdown from the channel has occurred, indicating a possible bearish continuation.
* A clear **entry point** is marked just below \$118,400 where price has broken structure support.
* **Target zone** lies around **\$115,857**, aligning with previous demand and imbalance zones—ideal for short take-profits.

📍 **Confluences:**

* Rising wedge breakdown 📐
* Break of minor support structure 🧱
* Bearish momentum picking up post-channel exit 🔻

🎯 **Trade Idea:**

* **Short Entry:** \~\$118,400
* **Target:** \~\$115,857
* **Stop-loss:** Above recent swing high / top of channel (\~\$119,200)

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💡 *Watch for a retest of the broken channel support as confirmation. If bearish volume increases, the downside move is likely to accelerate.*

\#BTCUSD #Bitcoin #CryptoTrading #PriceAction #ShortSetup #BearishBreakdown #Techni

yesterday

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PriceActionMatrix

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