Bitcoin has confirmed a breakdown from the ascending structure after failing to hold above the mid-range support near 95K. The rejection from the 96,124 resistance zone (highlighted in red) combined with a clean break of the diagonal support suggests bearish momentum is building.
🔻 Position:
We have entered a short at 94,850, following the rejection and loss of bullish structure.
🎯 Target 1 (TP1):
Our initial target lies around 92,000, which aligns with the lower blue demand zone — a key area where we expect price to react. This zone also coincides with prior consolidation and horizontal support.
🧠 Scenario Planning:
If BTC holds 92K and shows bullish reaction (e.g., bullish engulfing, volume spike), we’ll consider partial profit-taking and reassess for a possible bounce.
A clean breakdown of the 92K level could open the door for further downside toward the next major demand zone below ~88K.
📐 Technical Confluence:
Break of structure & ascending trendline
Strong supply rejection from 96K
Bearish momentum sustained with lower highs
🔁 Trade Plan:
✅ Follow trend confirmation; don’t enter blindly
📏 Always place stop-loss above invalidation zones
📊 Monitor price action and volume near 92K for clues
🧠 Don’t FOMO — patience over impulse
⚠️ Risk Management Reminder:
Trading is probability-based — manage your risk accordingly. Use proper position sizing, place stop-losses, and never risk more than 1–2% per trade. This analysis is not financial advice; always do your own research (DYOR).
🔻 Position:
We have entered a short at 94,850, following the rejection and loss of bullish structure.
🎯 Target 1 (TP1):
Our initial target lies around 92,000, which aligns with the lower blue demand zone — a key area where we expect price to react. This zone also coincides with prior consolidation and horizontal support.
🧠 Scenario Planning:
If BTC holds 92K and shows bullish reaction (e.g., bullish engulfing, volume spike), we’ll consider partial profit-taking and reassess for a possible bounce.
A clean breakdown of the 92K level could open the door for further downside toward the next major demand zone below ~88K.
📐 Technical Confluence:
Break of structure & ascending trendline
Strong supply rejection from 96K
Bearish momentum sustained with lower highs
🔁 Trade Plan:
✅ Follow trend confirmation; don’t enter blindly
📏 Always place stop-loss above invalidation zones
📊 Monitor price action and volume near 92K for clues
🧠 Don’t FOMO — patience over impulse
⚠️ Risk Management Reminder:
Trading is probability-based — manage your risk accordingly. Use proper position sizing, place stop-losses, and never risk more than 1–2% per trade. This analysis is not financial advice; always do your own research (DYOR).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.