$BTC

Hello Binance Square Family!

The markets have been buzzing — and Bitcoin (BTCUSDT) has made a major move, breaking several key support levels. Let’s break down what’s happening and where price may be heading next.

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🚨 BTCUSDT Breaks Below Key Zones

In line with our previous analysis, Bitcoin hit the target and has now closed below March’s low and the psychological $80K level.

To add fuel to the fire, we also saw a break of the ascending trendline, which supported price for weeks.

Key Breakdown Points:

❌ $80K Psychological Support — Broken

❌ Uptrend Line — Broken

❌ Weekly Candle — Closed bearish with a long upper tail

These signals combined show a clear shift in short-term momentum.

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📉 Bearish Pattern Forming – ABC Move in Play?

Zooming into the daily timeframe, price action is developing a classic ABC correction pattern. This often precedes further downside, and in this case, it points to $70K as a possible next destination.

> If BTC stays under the $77K–$78K resistance zone, the chance of a deeper drop increases significantly.

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🎯 What’s the Target?

We’re now eyeing the support zone around $70K.

This level lines up with previous price reactions and may provide a strong buying opportunity or a short-term bounce.

Until then, it’s a game of patience and discipline.

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🧠 Trade Smart: Watch These Levels

Resistance: $77,000–$78,000

Next Support: $70,000

Bearish Target: ABC structure completion near $70K

Invalidation: Price regains and holds above $78K

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✅ Final Thoughts

BTC is showing technical weakness, but it’s also giving clear structure for traders. Whether you're looking to short or buy the dip, risk management is everything right now.

This week is critical — with macro data and sentiment in focus, we could either stabilize or break deeper.

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⚠️ Disclaimer

This is not financial advice. Always DYOR and use proper risk management when trading.

Let us know your strategy in the comments — are you shorting or waiting to long from support?

#Bitcoin #BTCUSDT #CryptoAnalysis #BinanceSquare #BTCBreakdown #TechnicalAnalysis #SmartTrading