🔍 Chart Breakdown:
Price previously formed a range under key resistance at $108,800.
A Triangle Pattern emerged after a sharp rejection from the resistance zone.
The recent breakdown from this pattern signals bearish momentum.
Support Level: $100,513 — Key level to watch for a potential bounce or further breakdown.
📊 Scenarios to Watch:
🔴 Bearish Case (Preferred):
Breakdown continuation below $104,000 could trigger a move toward the $100,500 support.
Clean rejection from triangle breakdown area confirms the bearish structure.
🟢 Bullish Case (Less Likely):
If BTC holds above $104,000 and breaks above the mid-range zone (~$106,500), a retest of $108,800 is possible.
Watch for fakeouts at the top of the range.
💡Trade Ideas:
Short opportunities on breakdown retest or rejection from $106,000–106,500.
Potential long only if $108,800 is broken with strong volume confirmation.
🛑 Risk Management:
Always use stop-loss. Monitor BTC dominance and macro sentiment for confluence.
💬 What do you think? Bearish breakdown or fakeout trap? Let’s discuss below!
Price previously formed a range under key resistance at $108,800.
A Triangle Pattern emerged after a sharp rejection from the resistance zone.
The recent breakdown from this pattern signals bearish momentum.
Support Level: $100,513 — Key level to watch for a potential bounce or further breakdown.
📊 Scenarios to Watch:
🔴 Bearish Case (Preferred):
Breakdown continuation below $104,000 could trigger a move toward the $100,500 support.
Clean rejection from triangle breakdown area confirms the bearish structure.
🟢 Bullish Case (Less Likely):
If BTC holds above $104,000 and breaks above the mid-range zone (~$106,500), a retest of $108,800 is possible.
Watch for fakeouts at the top of the range.
💡Trade Ideas:
Short opportunities on breakdown retest or rejection from $106,000–106,500.
Potential long only if $108,800 is broken with strong volume confirmation.
🛑 Risk Management:
Always use stop-loss. Monitor BTC dominance and macro sentiment for confluence.
💬 What do you think? Bearish breakdown or fakeout trap? Let’s discuss below!
Trade closed: target reached
🎯 BTC/USD Target Hit – $100.5K Reached!Bearish triangle breakdown played out perfectly.
Price dropped from resistance at $108.8K straight to our target at $100.5K ✅
Next move? Bounce or break lower?
Let’s see how price reacts at this key support.
#BTCUSD #TargetHit #Bitcoin #Crypto #TechnicalAnalysis #Breakdown #SupportLevel #TradingView
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.
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.