Xairuq Trades

$BTC



troduction: What’s Next for Bitcoin (BTC/USDT)?

Bitcoin’s (BTC) recent price action is raising concerns among traders after a Rising Wedge Breakdown on the daily chart, suggesting a potential major bearish move ahead. After reaching an All-Time High (ATH) zone of $110K-$115K, BTC is showing weakness, signaling a possible reversal.

In this article, we’ll explore the following key aspects: ✅ Rising Wedge Breakdown and Bearish Pattern
✅ Key Levels to Watch for BTC
✅ Bearish Trade Setup with Entry, Stop Loss & Targets
✅ Market Sentiment and Psychological Impact

Let’s dive into the details and analyze what lies ahead for BTC! 👇

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1️⃣ Rising Wedge Breakdown – Bearish Reversal Confirmed!

A Rising Wedge is a bearish technical pattern that signals exhaustion of bullish momentum, followed by a sharp downside correction. Here’s how the pattern unfolded:

🔸 Higher Highs & Higher Lows: BTC formed higher highs but struggled to break above key resistance, indicating weakening bullish strength.
🔸 Converging Trendlines: The narrowing range of price action showed buyer exhaustion, with volume declining over time.
🔸 Volume Drop: Decreasing volume further confirmed that the bullish trend was losing steam.
🔸 Breakdown Confirmation: BTC broke below the lower trendline, confirming the bearish move.

The completion of this pattern suggests increased selling pressure and opens the door to a deeper correction. 📉

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2️⃣ Key Levels & Market Dynamics to Watch 📊

🔵 Resistance Zone (~$110K-$115K)
BTC reached its ATH resistance level but failed to sustain the breakout. Several rejection candles near this region confirmed strong selling pressure.

🟢 Support Zone (~$78K-$80K)
BTC attempted to bounce off this support, but the move lacked strength. Buyers failed to maintain control, leading to a weak rally and another rejection at higher levels.

🔻 Major Bearish Target (~$48,920)
Applying the Measured Move Theory, BTC’s potential downside target is projected around $48,920, which coincides with strong historical support.

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3️⃣ Bearish Trade Setup: Optimal Entry & Risk Management 🛑

If you’re looking to short BTC following this pattern, here’s a well-defined bearish trade setup:

🔸 Entry Zone: Between $85K-$90K after a retest of the breakdown zone.
🔸 Stop Loss: Above $100K to invalidate the bearish structure.
🔸 Take Profit Targets:
✅ TP1: $75K – Minor Support
✅ TP2: $60K – Psychological Level
✅ TP3: $48,920 – Historical Support

🎯 Risk Management Tip:
Since BTC’s price action can be highly volatile, it’s crucial to adjust your stop-loss dynamically to protect gains. Monitor price movements closely around the retest zones.

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4️⃣ Alternative Bullish Scenario – Can BTC Recover? 🚀

Although the primary scenario suggests a bearish continuation, there’s always room for unexpected bullish reversals. Here’s what to watch:

🔹 Bullish Reversal Above $100K: If BTC reclaims $100K+ with high volume, the bearish outlook is invalidated.
🔹 Breakout Beyond ATH ($115K): A clean breakout above $115K would signal renewed bullish strength, paving the way for new highs.

Traders should remain flexible and adjust their strategy if bullish volume surges and invalidates the bearish setup. 📈

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5️⃣ Market Sentiment & Psychological Factors 💡

📉 Bearish Sentiment Taking Over:
Rising Wedges often trigger a bull trap, where buyers anticipate new highs but get caught in a sharp reversal. The recent price action suggests sellers are now in control.

⚠️ Potential Risks to Consider:
🔸 False breakdowns can happen if bullish news (such as ETF approvals or favorable macroeconomic conditions) surprises the market.
🔸 Keeping an eye on regulatory updates and institutional interest remains crucial.

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🎯 Conclusion – Is Bitcoin Headed for a Deeper Correction?

BTC’s Rising Wedge Breakdown strongly suggests that the market is primed for a deeper correction. The bearish setup highlights short opportunities below $90K, with downside targets between $48K-$50K.

However, if BTC reclaims $100K+ with strong momentum, the bearish thesis is invalid, potentially driving the price toward new highs above $115K.

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📊 Trading Recommendation: Stay Alert and Manage Risk!

Monitor price action closely and ensure that your risk management strategy is aligned with potential market volatility. Adjust your positions dynamically to protect your portfolio. 🚨

Would you like to explore more trading setups or dive deeper into BTC’s market structure? Let’s discuss! 🔥

$BTC



Bitcoin is forming a classic Adam & Eve bottoming pattern on the 1-hour chart, signaling a potential bullish reversal.

🔍 Pattern Details:
📌 The sharp Adam (V-shaped bottom) occurred in early February with a steep recovery attempt.
📌 The Eve (rounded bottom) is currently forming, consolidating with a smoother curvature.
📌 Resistance stands near $96,800 - $97,000, aligning with previous rejection levels.
📌 A breakout above this level could trigger a move toward $102,000 - $103,000.

🟢 Bullish Confirmation:
✔️ Breakout above $97,000 with strong volume.
✔️ Retest of neckline as support.
✔️ Completion of the rounded bottom structure.

🔴 Invalidation:
❌ BTC breaking below $94,500 would negate the pattern and could lead to further downside.

🚀 If bulls push past resistance, BTC could rally 5-6%+, aligning with the measured move projection.

What’s your take? Are we about to see a breakout? 🔥

#Bitcoin #Crypto #Trading #TechnicalAnalysis #BTC