‼️$BTC Rising Wedge — Is a Deeper Correction Coming?
Guys! I’ve been warning you about the rising wedge for days. If the bearish setup plays out, Bitcoin could face another sharp move down.
BTC’s daily moving average is around $81,200. A potential structure shift could follow a daily close below $80K or a confirmed breakout above $88K–$89K.
I shared this chart 3 days ago, and BTC has since faced rejection near $84,150, just as expected. Save these levels and keep them on your radar.
📉 The Bearish Structure
On the daily timeframe, BTC is forming a larger rising wedge, with a smaller wedge developing inside it.
🔻 Critical Breakdown Zone: $80,300–$80,400
A confirmed breakdown with a daily close below this previous swing-low zone could activate the bearish setup, bringing $76,000–$76,500 into focus.
🎯 What If BTC Reaches $76K?
This zone could help complete a potential Head and Shoulders pattern, with the right shoulder still to develop.
BTC could then bounce toward $80K–$81K before facing another rejection. If the pattern confirms, further downside could follow.
⚠️ When Is the Bearish Setup Invalidated?
• A breakout above $87,400–$87,500 would weaken the bearish outlook.
• A daily close above $89,800–$89,900, or two consecutive 4H closes above this zone, would invalidate the rising wedge setup and strengthen the bullish case.
My Plan: I’m watching $81,200 for immediate support and $80,300 for breakdown confirmation. Until that breakdown occurs, the $76K target remains a scenario, not a confirmed move.
Trade Accordingly 👇
#BTC #Bitcoin #TechnicalAnalysis #MrCurious
Guys! I’ve been warning you about the rising wedge for days. If the bearish setup plays out, Bitcoin could face another sharp move down.
BTC’s daily moving average is around $81,200. A potential structure shift could follow a daily close below $80K or a confirmed breakout above $88K–$89K.
I shared this chart 3 days ago, and BTC has since faced rejection near $84,150, just as expected. Save these levels and keep them on your radar.
📉 The Bearish Structure
On the daily timeframe, BTC is forming a larger rising wedge, with a smaller wedge developing inside it.
🔻 Critical Breakdown Zone: $80,300–$80,400
A confirmed breakdown with a daily close below this previous swing-low zone could activate the bearish setup, bringing $76,000–$76,500 into focus.
🎯 What If BTC Reaches $76K?
This zone could help complete a potential Head and Shoulders pattern, with the right shoulder still to develop.
BTC could then bounce toward $80K–$81K before facing another rejection. If the pattern confirms, further downside could follow.
⚠️ When Is the Bearish Setup Invalidated?
• A breakout above $87,400–$87,500 would weaken the bearish outlook.
• A daily close above $89,800–$89,900, or two consecutive 4H closes above this zone, would invalidate the rising wedge setup and strengthen the bullish case.
My Plan: I’m watching $81,200 for immediate support and $80,300 for breakdown confirmation. Until that breakdown occurs, the $76K target remains a scenario, not a confirmed move.
Trade Accordingly 👇
#BTC #Bitcoin #TechnicalAnalysis #MrCurious