$BTC Candle Chart Pattern Insight $BTC /USDT 15m)
A Bearish Engulfing pattern has formed at the recent high near $104,976.25, followed by a decisive breakdown candle—suggesting a potential continuation to the downside.
Trade Setup:
Entry: $102,900 (current market level)
Stop Loss: $103,600 (above key resistance and EMA cluster)
Take Profit: $101,600 (near previous swing low/support)
Risk-to-Reward Ratio: Approximately 1.75
Bearish Reversal Alert:
BTC just printed a Bearish Engulfing on the 15-minute chart—downside risk increasing.
Entry: $102,900
SL: $103,600
TP: $101,600
Stay alert—expect elevated volatility!
