"Range Breakdown in Play – Short Setup Heating Up on Bitcoin!"

May 30

📉 Bitcoin (BTC/USD) 1H Technical Analysis

🔻 Structure Breakdown

BTC has broken below the recent range support, confirming a range breakdown beneath the all-time high (ATH) consolidation area. This move was preceded by a trendline breakdown, signaling a shift in market sentiment.

🔄 Bearish Retest

The price attempted a retest of the SBR (Support-Becomes-Resistance) level, which aligned with the previous range lows and got rejected-highlighting strong selling pressure at the $106,500-$107,000 zone.

📌 Key Levels

▪️Resistance: $106,500_$107,000 (SBR zone)
▪️ Support: $104,400
▪️ Target: $102,200 (potential breakdown target zone)

🔮 Outlook

▪️ Primary Bias: Bearish continuation toward the $102,200 target area
▪️Alternate Scenario: A reclaim above the SBR level may trigger a short-term bounce or range re-entry.

🔹Community Insight:

If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.

.▪️Follow for regular updates and trade setups

May 30

Trade active

May 31

Note

Trade running 200 pips +

May 31

Note

Jun 1

Note

Jun 1

Note

Jun 1

Trade closed: target reached