Bitcoin Poised for Breakdown: Bearish Momentum Targets $81Khello guys!
Market Structure & Key Levels
The chart presents a 4-hour timeframe analysis of Bitcoin (BTC/USDT) on Binance. The price action is contained within a large consolidation zone, with two distinct liquidity hunts labeled:
The first hunt at the lower boundary
The second hunt at the upper boundary
Currently, BTC is breaking down from the upper range, indicating a potential shift from consolidation to a bearish move.
Key Observations
Liquidity Hunts & Market Manipulation:
The price previously swept liquidity from both the upper and lower boundaries before retracing inside the consolidation zone.
This suggests a classic liquidity grab before a bigger directional move.
Potential Breakdown Structure:
The price has tested resistance near the upper boundary and has been sharply rejected.
The price has broken below the mid-range consolidation and is showing weakness.
The projected path suggests a breakdown towards $81,400 - $80,200.
Bearish Bias Confirmation:
The drawn forecast indicates a lower high formation, followed by a continuation to the downside.
If BTC loses support around $92,000 - $90,000, it could accelerate towards the $82,000 - $81,500 demand zone.
Key Levels to Watch
Resistance: $100,000 - $102,000 (previous consolidation resistance)
Support: $92,000 - $90,000 (key breakdown zone)
Bearish Target: $81,500 - $80,000
Conclusion
The analysis suggests a potential bearish breakout below the range. Traders should monitor break-and-retest confirmations at key support/resistance levels before making decisions. If BTC fails to reclaim the mid-range, a move towards $81,500 becomes highly probable.