$BTC – Major Breakdown Confirmed! Bearish Momentum Takes Over!
Bitcoin just broke down from a strong descending triangle with a textbook rejection at $83,800, leading to a sharp fall below key support. A bearish flag formed post-drop, signaling continuation.
Trade Setup:
Entry: $82,700
Target 1: $81,800
Target 2: $81,300
Final Target: $81,000
Stop Loss: $83,850
Market Insight:
The breakout from the descending triangle pattern, followed by a rejection retest, confirms strong bearish pressure. With increasing volume and a clean flag breakdown, this setup favors shorts.
Pro Tip:
Watch for bounce traps near $82,700—ideal for re-entry shorts if rejected again!
Short Now on Binance – Stay Ahead of the Trend
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