$BTC
/ USDT ā RISING WEDGE BREAKDOWN! BEARS SMELL BLOOD! š»š»
Bitcoin just broke below a rising wedge support near $110K ā a bearish pattern playing out as bulls lose momentum at resistance. After multiple rejections from the $110.4K zone, $BTC now signals a short-term downside move!
BEARISH TRADE SETUP
ā¢ Entry: $109,500 ā $109,600
ā¢ TP1: $108,400
ā¢ TP2: $107,650
ā¢ TP3: $107,200
ā¢ Stop-Loss: Above $110,500
Why Short?
Price failed to break the overhead resistance and broke wedge support with a sharp red candle. Volume confirms the shift ā sellers are stepping in with force.
Watch closely: A move below $108K could trigger a quick drop to the $107K demand zone!