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Bitcoin has broken down from the ascending triangle and lost key trendline support. 📉
The recent fakeout above resistance has now turned into a strong bearish move.
🔻 Market Structure Update:
• Triangle breakdown confirmed ✅
• Lower highs forming
• Selling pressure increasing
📊 What’s next?
If this breakdown sustains, BTC is likely heading towards the $60K → $56K support zone.
⚠️ Any weak bounce may act as a retest of breakdown zone before further downside.
💡 No bullish confirmation unless price reclaims the lost structure.
What’s your view on this?
Share your thoughts in the comments below 👇
If you’re finding value in this analysis, smash that 👍 and hit Follow for high-accuracy trade setups that actually deliver!
Bitcoin has broken down from the ascending triangle and lost key trendline support. 📉
The recent fakeout above resistance has now turned into a strong bearish move.
🔻 Market Structure Update:
• Triangle breakdown confirmed ✅
• Lower highs forming
• Selling pressure increasing
📊 What’s next?
If this breakdown sustains, BTC is likely heading towards the $60K → $56K support zone.
⚠️ Any weak bounce may act as a retest of breakdown zone before further downside.
💡 No bullish confirmation unless price reclaims the lost structure.
What’s your view on this?
Share your thoughts in the comments below 👇
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.