BTC/USDT: Bearish Drop to 108,500?BINANCE:BTCUSDT is signaling a bearish breakdown on the 1-hour chart , where price is trapped in a descending triangle formed by a downward trendline and an upward trendline, with increasing pressure at the convergence point near resistance—indicating potential for a downside continuation if sellers dominate. This classic pattern suggests weakening bullish momentum amid recent pullbacks.
Entry zone between 112,500-114,000 for a short position. Target at 108,500 near the support zone, offering a risk-reward ratio of 1:2 . 📊 Set a stop loss on a close above 114,500 to protect against an upside breakout. 🌟
Look for confirmation on a break below the entry with surging volume, capitalizing on Bitcoin's current choppy range.
Fundamentally , Bitcoin has seen high volatility recently, hitting new all-time highs above $125K earlier this month before dropping to around $105K, now stabilizing near $111K amid mixed macro signals and uncertainty from large holder movements. Additional catalysts include ancient wallet awakenings transferring billions in BTC and ongoing debates on tokenized gold versus Bitcoin's value. 💡
📝 Trade Plan:
✅ Entry Zone: $112,500 – $114,000 (short zone near resistance)
❌ Stop Loss: Close above $114,500
🎯 Target: $108,500 (major support area)
💎 Risk-to-Reward: Approx. 1:2 – clean, structured short setup within a bearish pattern.
What's your take on this setup? Drop your thoughts below! 👇
