📉 BTC/USDT - Triangle Breakdown Playing Out 🔻
The symmetrical triangle pattern has officially broken down, and the bearish momentum continues.
BTC is now trading at $102,962, confirming a sustained move below the support trendline 🧱
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🔍 Technical Highlights:
✅ Breakout candle closed below triangle = confirmed bearish breakout 📉
🔽 Price broke below $103k support and is now heading toward $102,000
📉 MACD: Still negative (-157.96) = ongoing downward pressure
📊 Volume increased during breakdown = added confirmation 🔥
❌ All short-term MAs (5, 10, 25) are sloping downward = bearish trend intact
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📉 Next Support Levels:
🔸 Major Support: $102,000
🔻 Below that: $100,000 (psychological zone)
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📈 Potential Setup:
🔁 Watch for retest of the broken support around $103k–$103.5k — could offer a short entry
⚠️ If BTC closes back above the triangle, bearish bias is invalidated
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🚨 Risk Management is key — Keep a close eye on price action near $102,000 🧐
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#ChartAnalysis #BearishBreakout #CryptoTechnical #BTCUSDT #CryptoAlert