#BTCBelow80K
🚨 BTC/USD – Targets of the bearish flag breakdown $81,660
$BTC
BTCUSDT
Perpetual
$78,712.7
-4.73%
$BTC
The short-term trend is turning bearish with a view of the main support
🕒 Timeframe: One hour
💹 Pair: BTC/USD
⚠️ Trend: Bearish
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🔍 Key Technical Insights:
1. Bearish rejection zone (~$83,174.62)
The price faced rejection from the purple resistance box, indicating clear selling pressure.
Both the 30 EMA (red) and 200 EMA (blue) are floating above the price - a classic signal for continued bearish momentum.
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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.
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3. Bearish flag pattern confirmed
The flag/wedge has broken downwards.
The target of the measured move: drop of ~1.44% from the breakdown point
Next stop: $81,660.29, a strong historical support area.
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4. Price Action Overview
The breakdown from the bullish flag channel is complete.
A slight pullback to resistance has already occurred.
Momentum seems ready.
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🎯 Trading Plan Summary
Entry Area: Near $83,174.62 (already rejected)
Target: $81,660.29
Stop Loss Idea: Above 200 EMA (~$83,715.92)
These setups provide a clean risk-to-reward profile for day traders looking for selling opportunities within the current consolidation area.
#CryptoDawar #BinanceAlphaAlert
