$BTC Position: LONG
📊 Bitcoin (BTC) – Daily Timeframe Analysis
The chart highlights a clear shift in Bitcoin’s overall market structure. After maintaining an uptrend earlier, BTC faced strong selling pressure and rejection from the bearish flag resistance zone, confirming that sellers are still firmly in control of the market.
Following this rejection, price action suggests the formation of another potential bearish flag, which is a typical continuation pattern within a broader downtrend. This indicates that the recent consolidation is likely a temporary pause rather than a trend reversal.
Before the next impulsive bearish leg begins, Bitcoin may attempt a short-term corrective move toward the $73,000–$75,000 range, where price could react with resistance. If this zone fails to flip into support, it would further strengthen the bearish outlook and increase the probability of another downside expansion.
If Bitcoin successfully breaks and holds above all major resistance levels, it could regain bullish momentum and make a move back toward the $89,000–$91,000 zone once again.
I’ve secured $1,800 in profit from this bullish move so far. The first target has already been achieved, and I’m now holding the position and waiting for the second target around the $73K level on BTC.
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