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$BTC /USDT BEARISH FLAG IN PLAY – CONSOLIDATION BEFORE POSSIBLE DUMP AHEAD!
📍Current Price: Around $66,000 (as per chart)
📉 Pattern in Focus: Bearish flag + potential wave (ABC) correction forming
🔎 Technical Analysis:
The chart reveals a bearish setup, with price breaking below the blue trendline that defined the previous uptrend. A consolidation/distribution phase has begun post the peak in early June. Price is now trapped within a descending channel, suggesting that bulls are losing control. A bearish flag is forming – which typically breaks to the downside.
📌 Key Levels:
Resistance Zones:
$69,000 – Key short-term rejection area
$71,200 – Recent high & invalidation zone for shorts
Support Zones:
$64,400 – Mid-structure support (flag base)
$62,000 – Horizontal support & potential bounce zone
$60,000 – Psychological & fib confluence level
$58,000 – Major breakdown target
📉 Trade Setup (SHORT):
Entry Zone: $66,200 – $66,800
Target 1 (TP1): $64,400
Target 2 (TP2): $62,000
Target 3 (TP3): $58,000
Stop Loss (SL): $69,100
🚨 Note: Wait for rejection at flag top or breakdown from support with volume.
🌐 Market Outlook:
Historically, Bitcoin shows low volatility in summer, with September being more explosive. Current sideways action suggests that a new all-time high is unlikely in the short term. This is a classic cool-down phase, and unless bulls reclaim $71K+ fast, we may see a flush down before next accumulation.
🛡️ Risk Management:
Only risk 1–2% of portfolio per trade
Use hard stop-loss above resistance
Avoid trading mid-range without confirmation
Be patient for breakdown or rejection setups
#BTCUSDT #CryptoTrading #BearishSetup #BitcoinAnalysis #TradingViewIdeas
$BTC
📍Current Price: Around $66,000 (as per chart)
📉 Pattern in Focus: Bearish flag + potential wave (ABC) correction forming
🔎 Technical Analysis:
The chart reveals a bearish setup, with price breaking below the blue trendline that defined the previous uptrend. A consolidation/distribution phase has begun post the peak in early June. Price is now trapped within a descending channel, suggesting that bulls are losing control. A bearish flag is forming – which typically breaks to the downside.
📌 Key Levels:
Resistance Zones:
$69,000 – Key short-term rejection area
$71,200 – Recent high & invalidation zone for shorts
Support Zones:
$64,400 – Mid-structure support (flag base)
$62,000 – Horizontal support & potential bounce zone
$60,000 – Psychological & fib confluence level
$58,000 – Major breakdown target
📉 Trade Setup (SHORT):
Entry Zone: $66,200 – $66,800
Target 1 (TP1): $64,400
Target 2 (TP2): $62,000
Target 3 (TP3): $58,000
Stop Loss (SL): $69,100
🚨 Note: Wait for rejection at flag top or breakdown from support with volume.
🌐 Market Outlook:
Historically, Bitcoin shows low volatility in summer, with September being more explosive. Current sideways action suggests that a new all-time high is unlikely in the short term. This is a classic cool-down phase, and unless bulls reclaim $71K+ fast, we may see a flush down before next accumulation.
🛡️ Risk Management:
Only risk 1–2% of portfolio per trade
Use hard stop-loss above resistance
Avoid trading mid-range without confirmation
Be patient for breakdown or rejection setups
#BTCUSDT #CryptoTrading #BearishSetup #BitcoinAnalysis #TradingViewIdeas
$BTC
LINK/USDT – Supply Zone Se Rejection, Bearish Breakdown Expected!
Chainlink (LINK) ne 14.73 ka resistance reclaim karne ki koshish ki, lekin supply zone se clear rejection ke baad price ne bearish momentum dikha diya hai. Ab lower highs aur intraday support ka breakdown confirm karta hai ke short-term mein structure bearish ho chuka hai.
Trade Setup (Mera Entry Plan):
Entry: 14.62
Take Profit (TP): 14.42 / 14.30
Stop Loss (SL): 14.74
Market Outlook:
Price action clearly lower-highs bana raha hai, jo selling pressure aur volume ke sath bearish continuation ka signal deta hai. Agar 14.60 ke neeche ka level break karta hai to next support zones tak girawat expected hai. Jab tak bulls supply zone reclaim nahi karte, bears ka control bana rahega.
Mera Command: Risk ko tight manage karo – reversal aate hi gains secure kar lena behtar hoga!
#Chainlink #LINKUSDT #CryptoAnalysis #BearishStructure #TradingViewIdeas $BTC $ETH $BNB
Trade Setup (Mera Entry Plan):
Entry: 14.62
Take Profit (TP): 14.42 / 14.30
Stop Loss (SL): 14.74
Market Outlook:
Price action clearly lower-highs bana raha hai, jo selling pressure aur volume ke sath bearish continuation ka signal deta hai. Agar 14.60 ke neeche ka level break karta hai to next support zones tak girawat expected hai. Jab tak bulls supply zone reclaim nahi karte, bears ka control bana rahega.
Mera Command: Risk ko tight manage karo – reversal aate hi gains secure kar lena behtar hoga!
#Chainlink #LINKUSDT #CryptoAnalysis #BearishStructure #TradingViewIdeas $BTC $ETH $BNB
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