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🚨 Bitcoin Weekly Forecast: Rising Wedge Breakdown & Bearish Move Ahead? 📉
$BTC
troduction: What’s Next for Bitcoin (BTC/USDT)?
Bitcoin’s (BTC) recent price action is raising concerns among traders after a Rising Wedge Breakdown on the daily chart, suggesting a potential major bearish move ahead. After reaching an All-Time High (ATH) zone of $110K-$115K, BTC is showing weakness, signaling a possible reversal.
In this article, we’ll explore the following key aspects: ✅ Rising Wedge Breakdown and Bearish Pattern
✅ Key Levels to Watch for BTC
✅ Bearish Trade Setup with Entry, Stop Loss & Targets
✅ Market Sentiment and Psychological Impact
Let’s dive into the details and analyze what lies ahead for BTC! 👇
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1️⃣ Rising Wedge Breakdown – Bearish Reversal Confirmed!
A Rising Wedge is a bearish technical pattern that signals exhaustion of bullish momentum, followed by a sharp downside correction. Here’s how the pattern unfolded:
🔸 Higher Highs & Higher Lows: BTC formed higher highs but struggled to break above key resistance, indicating weakening bullish strength.
🔸 Converging Trendlines: The narrowing range of price action showed buyer exhaustion, with volume declining over time.
🔸 Volume Drop: Decreasing volume further confirmed that the bullish trend was losing steam.
🔸 Breakdown Confirmation: BTC broke below the lower trendline, confirming the bearish move.
The completion of this pattern suggests increased selling pressure and opens the door to a deeper correction. 📉
---
2️⃣ Key Levels & Market Dynamics to Watch 📊
🔵 Resistance Zone (~$110K-$115K)
BTC reached its ATH resistance level but failed to sustain the breakout. Several rejection candles near this region confirmed strong selling pressure.
🟢 Support Zone (~$78K-$80K)
BTC attempted to bounce off this support, but the move lacked strength. Buyers failed to maintain control, leading to a weak rally and another rejection at higher levels.
🔻 Major Bearish Target (~$48,920)
Applying the Measured Move Theory, BTC’s potential downside target is projected around $48,920, which coincides with strong historical support.
---
3️⃣ Bearish Trade Setup: Optimal Entry & Risk Management 🛑
If you’re looking to short BTC following this pattern, here’s a well-defined bearish trade setup:
🔸 Entry Zone: Between $85K-$90K after a retest of the breakdown zone.
🔸 Stop Loss: Above $100K to invalidate the bearish structure.
🔸 Take Profit Targets:
✅ TP1: $75K – Minor Support
✅ TP2: $60K – Psychological Level
✅ TP3: $48,920 – Historical Support
🎯 Risk Management Tip:
Since BTC’s price action can be highly volatile, it’s crucial to adjust your stop-loss dynamically to protect gains. Monitor price movements closely around the retest zones.
---
4️⃣ Alternative Bullish Scenario – Can BTC Recover? 🚀
Although the primary scenario suggests a bearish continuation, there’s always room for unexpected bullish reversals. Here’s what to watch:
🔹 Bullish Reversal Above $100K: If BTC reclaims $100K+ with high volume, the bearish outlook is invalidated.
🔹 Breakout Beyond ATH ($115K): A clean breakout above $115K would signal renewed bullish strength, paving the way for new highs.
Traders should remain flexible and adjust their strategy if bullish volume surges and invalidates the bearish setup. 📈
---
5️⃣ Market Sentiment & Psychological Factors 💡
📉 Bearish Sentiment Taking Over:
Rising Wedges often trigger a bull trap, where buyers anticipate new highs but get caught in a sharp reversal. The recent price action suggests sellers are now in control.
⚠️ Potential Risks to Consider:
🔸 False breakdowns can happen if bullish news (such as ETF approvals or favorable macroeconomic conditions) surprises the market.
🔸 Keeping an eye on regulatory updates and institutional interest remains crucial.
---
🎯 Conclusion – Is Bitcoin Headed for a Deeper Correction?
BTC’s Rising Wedge Breakdown strongly suggests that the market is primed for a deeper correction. The bearish setup highlights short opportunities below $90K, with downside targets between $48K-$50K.
However, if BTC reclaims $100K+ with strong momentum, the bearish thesis is invalid, potentially driving the price toward new highs above $115K.
---
📊 Trading Recommendation: Stay Alert and Manage Risk!
Monitor price action closely and ensure that your risk management strategy is aligned with potential market volatility. Adjust your positions dynamically to protect your portfolio. 🚨
Would you like to explore more trading setups or dive deeper into BTC’s market structure? Let’s discuss! 🔥
troduction: What’s Next for Bitcoin (BTC/USDT)?
Bitcoin’s (BTC) recent price action is raising concerns among traders after a Rising Wedge Breakdown on the daily chart, suggesting a potential major bearish move ahead. After reaching an All-Time High (ATH) zone of $110K-$115K, BTC is showing weakness, signaling a possible reversal.
In this article, we’ll explore the following key aspects: ✅ Rising Wedge Breakdown and Bearish Pattern
✅ Key Levels to Watch for BTC
✅ Bearish Trade Setup with Entry, Stop Loss & Targets
✅ Market Sentiment and Psychological Impact
Let’s dive into the details and analyze what lies ahead for BTC! 👇
---
1️⃣ Rising Wedge Breakdown – Bearish Reversal Confirmed!
A Rising Wedge is a bearish technical pattern that signals exhaustion of bullish momentum, followed by a sharp downside correction. Here’s how the pattern unfolded:
🔸 Higher Highs & Higher Lows: BTC formed higher highs but struggled to break above key resistance, indicating weakening bullish strength.
🔸 Converging Trendlines: The narrowing range of price action showed buyer exhaustion, with volume declining over time.
🔸 Volume Drop: Decreasing volume further confirmed that the bullish trend was losing steam.
🔸 Breakdown Confirmation: BTC broke below the lower trendline, confirming the bearish move.
The completion of this pattern suggests increased selling pressure and opens the door to a deeper correction. 📉
---
2️⃣ Key Levels & Market Dynamics to Watch 📊
🔵 Resistance Zone (~$110K-$115K)
BTC reached its ATH resistance level but failed to sustain the breakout. Several rejection candles near this region confirmed strong selling pressure.
🟢 Support Zone (~$78K-$80K)
BTC attempted to bounce off this support, but the move lacked strength. Buyers failed to maintain control, leading to a weak rally and another rejection at higher levels.
🔻 Major Bearish Target (~$48,920)
Applying the Measured Move Theory, BTC’s potential downside target is projected around $48,920, which coincides with strong historical support.
---
3️⃣ Bearish Trade Setup: Optimal Entry & Risk Management 🛑
If you’re looking to short BTC following this pattern, here’s a well-defined bearish trade setup:
🔸 Entry Zone: Between $85K-$90K after a retest of the breakdown zone.
🔸 Stop Loss: Above $100K to invalidate the bearish structure.
🔸 Take Profit Targets:
✅ TP1: $75K – Minor Support
✅ TP2: $60K – Psychological Level
✅ TP3: $48,920 – Historical Support
🎯 Risk Management Tip:
Since BTC’s price action can be highly volatile, it’s crucial to adjust your stop-loss dynamically to protect gains. Monitor price movements closely around the retest zones.
---
4️⃣ Alternative Bullish Scenario – Can BTC Recover? 🚀
Although the primary scenario suggests a bearish continuation, there’s always room for unexpected bullish reversals. Here’s what to watch:
🔹 Bullish Reversal Above $100K: If BTC reclaims $100K+ with high volume, the bearish outlook is invalidated.
🔹 Breakout Beyond ATH ($115K): A clean breakout above $115K would signal renewed bullish strength, paving the way for new highs.
Traders should remain flexible and adjust their strategy if bullish volume surges and invalidates the bearish setup. 📈
---
5️⃣ Market Sentiment & Psychological Factors 💡
📉 Bearish Sentiment Taking Over:
Rising Wedges often trigger a bull trap, where buyers anticipate new highs but get caught in a sharp reversal. The recent price action suggests sellers are now in control.
⚠️ Potential Risks to Consider:
🔸 False breakdowns can happen if bullish news (such as ETF approvals or favorable macroeconomic conditions) surprises the market.
🔸 Keeping an eye on regulatory updates and institutional interest remains crucial.
---
🎯 Conclusion – Is Bitcoin Headed for a Deeper Correction?
BTC’s Rising Wedge Breakdown strongly suggests that the market is primed for a deeper correction. The bearish setup highlights short opportunities below $90K, with downside targets between $48K-$50K.
However, if BTC reclaims $100K+ with strong momentum, the bearish thesis is invalid, potentially driving the price toward new highs above $115K.
---
📊 Trading Recommendation: Stay Alert and Manage Risk!
Monitor price action closely and ensure that your risk management strategy is aligned with potential market volatility. Adjust your positions dynamically to protect your portfolio. 🚨
Would you like to explore more trading setups or dive deeper into BTC’s market structure? Let’s discuss! 🔥
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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