$BTC is showing clear bearish momentum after breaking down from a descending channel. Price currently testing the 77,372 level with increased selling pressure evident in volume spikes. The MA lines are trending downward, confirming the negative sentiment. Recent consolidation suggests potential continuation lower unless support holds firmly.
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$BTC is showing clear bearish momentum after breaking down from a descending channel. Price currently testing the 77,372 level with increased selling pressure evident in volume spikes. The MA lines are trending downward, confirming the negative sentiment. Recent consolidation suggests potential continuation lower unless support holds firmly.
Trade Setup:
TP1: 76,500
TP2: 75,200
TP3: 73,800
Stop Loss: 78,450
The market structure favors bears here, but watch for any bullish reversal patterns near support zones.