$BTC / USDT – Rising Wedge Breakdown! Bears Smell Blood! 🔻
Price: $109,571.75 (+1.89%)
Bitcoin has just broken below rising wedge support near $110K — a classic bearish pattern, signaling potential short-term downside. After multiple rejections at the $110.4K resistance, bulls are losing steam.
Bearish Trade Setup
• Entry: $109,500 – $109,600
• Take Profit Targets:
• TP1: $108,400
• TP2: $107,650
• TP3: $107,200
• Stop-Loss: Above $110,500
Why This Short?
• Rising wedge support broke with a strong bearish candle
• Repeated rejections at overhead resistance
• Surge in selling volume confirms momentum shift
Watch Closely:
If Bitcoin drops below $108K, it could quickly test the $107K demand zone.
