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Bearish
$BTC Daily Chart: Approaching the Neckline—Will It Break? 🚨"
Hello Binance Square community! 👋
Bitcoin is testing a critical level on the daily chart—a projected neckline at $90,866.4. A breakdown below this level could trigger a significant move to the downside.
📊 Key Levels to Watch: 🔻 Neckline (Projection): $90,866.4—A breakdown below this level could signal the start of a correction. 🔻 Support Targets (Correction Scenario):
$88,144.2: Initial support.
$77,567.8 and $75,156.2: Deeper correction targets.
🎯 Bearish Projection: If BTC breaks below $90,866.4, it could accelerate toward $77,567.8, marking the projected correction zone.
📈 Why This Matters: This neckline represents a critical tipping point for Bitcoin’s price action. A breakdown could invalidate bullish momentum in the short term and bring key support levels into play.
💡 Follow for Updates: This is a key moment for BTC! Follow me for real-time updates and further insights as the pattern develops.
📌 Chart Attached for Detailed Visual Breakdown.
Daily chart😞😞
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