BTC Rising Channel Breakdown Setup – Bearish Continuation Possib

1. Rising Channel (Bearish Structure)

Price has been climbing inside a rising wedge / ascending channel, which is typically a distribution pattern during a downtrend.

2. Price Failed to COCH (Change of Character)

You labeled “price fail to COCH” — this means buyers failed to flip the trend into bullish structure.
This is bearish confirmation.

3. BOS (Break of Structure) earlier

There was a clear BOS on the left side — confirming macro bearish flow.

4. Compression into the Channel

Price is moving slowly upward with weak momentum, forming a squeezing structure.

5. POI (Point of Interest) at the bottom trendline

You marked a zone under the trendline.
A break into this zone is where momentum shifts from bullish to bearish.

6. If Trendline Breaks → Expect a Drop

Your chart shows an arrow downwards toward 80,565 as the main downside target.

This aligns well with:

Trendline support

Ichimoku cloud weakness

Rising channel breakdown pattern

Prior liquidity levels

📉 TRADE PLAN (Bearish Setup)

This plan follows the logic of the chart you provided.

🔻 Trade Type: Short Position (Sell)

Because price is at the end of a rising wedge and showing weakness.

✨ ENTRY (Sell Entry):

86,750 – 86,600
After a confirmed break and candle close below the ascending trendline + POI.

✔ Wait for a clean break and retest of the POI/trendline.

🛑 STOP LOSS:

87,350 – 87,450

Place the stop above:

The small circle you highlighted

Last minor swing high

Ichimoku resistance

This keeps maximum SL tight and structure-based.

Risk: ~600–800 points

🎯 TAKE PROFIT (Exit Levels):
TP1 – Safe Target (Liquidity Grab)

84,800 – 85,000

TP2 – Mid Target (Channel Origin)

82,500 – 83,000

TP3 – Main Target (Your Chart Target)

80,565 – 80,000

This matches your projected drop.

📐 Risk–Reward Ratio (Approx):

If using:
Entry = 86,650
SL = 87,400
TP3 = 80,565

➡ RR ≈ 1 : 8+ (excellent)