#BTCBelow80K Timeframe: One Hour
💹 Pair: BTC/USD
⚠️ Trend: Bearish
---
🔍 Key Technical Insights:
1. Bearish Rejection Zone (~$83,174.62)
The price faced rejection from the purple resistance box, showing clear selling pressure.
Both the 30 EMA (red) and the 200 EMA (blue) are hovering above the price - a classic signal for continued bearish momentum.
---
2. EMA Dynamics
30 EMA: Acts as dynamic resistance near $83,174.62
200 EMA: Located around $83,715.92 - a strong ceiling for the price
The price is currently trading below both EMAs, reinforcing the bearish pressure.
---
3. Bearish Flag Pattern Confirmed
The bearish flag/wedge has broken downwards.
Measured move target: down ~1.44% from the breakdown point
Next stop: $81,660.29, a strong historical support zone.
---
4. Price Action Overview
The breakdown from the ascending flag channel has completed.
A slight retracement to resistance has already occurred.
Momentum appears ready for continued bearish trend.
---
🎯 Trading Plan Summary
Entry Zone: Near $83,174.62 (already rejected)
Target: $81,660.29
Stop Loss Idea: Above the 200 EMA (~$83,715.92)
These setups provide a clean risk-to-reward profile for day traders watching for selling opportunities within the current consolidation zone.
#CryptoDawar #BTCBelow80K #BinanceAlphaAlert
