Verify the bearish scenario for $BTC previously by breaking

Post

--Bearish

Verify the bearish scenario for $BTC previously by breaking support and targeting the liquidity area, and achieving the first two downward targets. 🎯🎯

The price is now rising again to re-test the broken support (current resistance).
📍 Monitoring area:
$76,200 - $76,800
🔴 Bearish scenario:
Condition: Clear rejection at the monitoring area and no closing above it.
🎯 Targets:
Target 1: $75,318.78
Target 2: $74,936.02
Target 3: $74,604.69

🚫 Invalidate the scenario:
A close above 77281.96 immediately negates the activated scenario.

Kizoki

Bearish

As we discussed earlier, the breakout condition was breaking the descending trend at $BTC , and indeed the price succeeded in the breakout and achieved all three upper targets successfully! 🎯

Currently, Bitcoin has returned to a downward move and touched the Liquidity Zone, but up to this moment it has not closed below it.

📌 Key for the next move:
If it closes below the Liquidity Zone: the bearish behavior will be confirmed, and the three lower targets will become the next destination.

🔻 Downside targets if price closes below liquidity (Targets):
Target 1: $75,318.78
Target 2: $74,920.73
Target 3: $74,511.63

⚠️ Note: Closing is the essential condition for confirming the path—avoid rushing before the candle closes and the break is confirmed.

Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.

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