Big Move on the Daily Chart | Must-Watch for Binance Square Family
📉 Bitcoin (BTC/USDT) Falls Below Long-Term Support
Bitcoin has officially broken below a key 3-year ascending channel on the 1D timeframe, signaling the potential beginning of a significant market correction. This structural break is not just a minor dip — it’s a major technical shift that all traders should pay attention to.
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🧠 Technical Breakdown Highlights
✅ Channel Breakdown: Price exits 3-year trend structure to the downside
✅ Timeframe: 1D (Daily) – confirms strength of the move
✅ Momentum: Bearish pressure increasing, confirming the break
✅ Psychological Levels: $70K+ acting as strong resistance post-break
This is a high-timeframe event, meaning the move could have medium to long-term implications for BTC and the broader market.
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🛡️ What Traders Should Consider
Use caution before entering long positions — wait for confirmation or reclaim of broken structure.
Watch key support zones: previous breakout areas and major EMAs on the daily chart.
As always, practice strict risk management — market sentiment can shift quickly.
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⚠️ Final Word for the Binance Square Family
This isn’t just another red candle — Bitcoin breaking a 3-year channel is significant. Whether you're a day trader or a long-term holder, now is the time to stay alert, analyze structure, and prepare for volatility.
> This is not financial advice, but a crucial update to help our community stay informed.
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Stay safe, stay sharp, and protect your capital. The trend is your friend — until it ends.
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