BTC/USD – Bearish Breakdown from Rising Wedge | Short Setup
Description:
Bitcoin has broken down from a well-formed rising wedge pattern on the 30-minute chart – a classic bearish signal. The price action confirmed the breakdown with a strong candle close below the support line.
Our short entry is initiated at the wedge breakdown (~118,500), with a stop loss just above the wedge resistance (~119,600) and a target zone near 116,000, aligning with previous support and measured move from the wedge.
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