โ ๏ธ BTC Alert: Breakdown Ahead?
Bitcoin is currently trading around $110,700, but the chart shows a descending triangle forming after hitting a peak at $112,036.8. ๐
Price action is squeezing at the support level, and RSI is already deep in oversold territory (~23), signaling weakness in momentum.
If BTC fails to hold above the current support zone, a huge breakdown could be on the way, possibly testing lower levels near $109,000โ$108,000 or more.
Stay cautious โ manage risk and watch for confirmation before jumping in!
Whatโs your move if BTC breaks down? ๐จ
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