BTCUSDT — Bearish Structure Intact, Watching for Breakdown

yesterday

Hello everyone, here is my breakdown of the current Bitcoin setup.

Market Analysis

From a broader perspective, BTCUSDT has been trading inside a broadening formation, marked by expanding highs and lows — a typical sign of increasing volatility and market uncertainty. After a strong upward move within an ascending channel, the structure broke down, shifting the market momentum from bullish to bearish.

Following the breakdown, price entered a period of range-bound consolidation and multiple tests of resistance, each confirming that sellers remain in control. The most recent fake breakout above the 114,000 zone served as a strong rejection signal — a clear sign that buying momentum is fading and that the market could be preparing for another leg down.

My Scenario & Strategy

My scenario is based on the idea that the current movement is a corrective rebound within a larger bearish structure. As the price approaches the resistance area around 110,700, I expect selling pressure to increase once again. The plan is to watch how the price reacts around this resistance zone. A confirmed rejection or failure to break above this level would validate the short scenario, potentially leading to a continuation move toward the 104,500 support zone, which aligns with the lower boundary of the broadening formation.

That's the setup I'm tracking. Thank you for your attention, and always manage your risk.

6 hours ago

Trade closed manually

The price did not drop to the desired level, but rebounded from the level of 106.541 and reached the resistance lines again.