โ #BTC Breakdown Alert ๐จ
๐ Price Action Update (4H Chart)
BTC/USDT has officially broken down from the descending triangle pattern! ๐ป
๐ Chart Highlights:
Support at $115,736 has been breached.
BTC trading around $117,126, below MA(7) and MA(25) โ indicating short-term bearishness.
Volume surge on breakdown candle shows strong selling pressure.
MACD is negative and widening โ signaling further downside momentum.
Key support now near $114,800โ$115,200 zone.
๐ Next Levels to Watch:
๐ฝ Downside: $115,200 โ $112,400
๐ผ Upside Resistance: $118,200 โ $120,800
๐ Strategy Suggestion:
Scalp traders may look for quick short entries. Swing traders can wait for a retest of breakdown level around $117,800 to enter short with tight SL.
๐ Stay alert for fakeouts or bounce attempts!