#BTCvsMarkets BTC/USDT 15M Trade Setup
Current market structure is showing some key patterns and levels to watch:
Chart Patterns:
• Head & Shoulders confirmed with a neckline break around 82,300.
• Crab Harmonic Pattern forming a potential reversal zone near 82,106.
• Bearish Wedge forming with the right shoulder confirming resistance at ~83,200.
Trend Analysis:
• Short-term trend is down, with strong trendline resistance from recent highs.
• Trend on 50, 150, and 200 bars all indicate downtrend.
• 100-bar trend is sideways, suggesting short-term consolidation or potential reversal.
Trade Plan:
• Short Setup: If price retests and rejects 83,000–83,200 zone (right shoulder / wedge resistance), look for entries targeting 82,100–82,000.
• Long Setup: A bullish bounce from the 82,100 Crab pattern support area could trigger a reversal toward 83,000+.
Risk Management:
• SL above 83,200 for shorts.
• SL below 82,000 for longs.
Keep an eye on volume confirmation and price action around the key levels