🔴 BEARISH · $BTC
🚨 $BTC just broke down from its 1h ascending channel at 77,858, and a 4h bear flag is forming right under it
📉
CoinDesk's midterm election guide is out, and the vote will shape crypto rules for years. Traders will read it, but price is already moving on its own 🗳️
📌 4h trend is down, with lower highs and lower lows
📌 Longs pay shorts on funding, and the crowd is long, so a flush can come fast
👀 Bottom line: clear lean short. I'd rather short a bounce into weakness than chase the drop.
👀 It turns into a trade on a 1h close below 77,396, with 77,060 next.
❌ A reclaim of 78,081 kills this lean.
Would you short this breakdown or wait for the retest?
Size small, use a stop, and this isn't financial advice.
🚨 $BTC just broke down from its 1h ascending channel at 77,858, and a 4h bear flag is forming right under it
📉
CoinDesk's midterm election guide is out, and the vote will shape crypto rules for years. Traders will read it, but price is already moving on its own 🗳️
📌 4h trend is down, with lower highs and lower lows
📌 Longs pay shorts on funding, and the crowd is long, so a flush can come fast
👀 Bottom line: clear lean short. I'd rather short a bounce into weakness than chase the drop.
👀 It turns into a trade on a 1h close below 77,396, with 77,060 next.
❌ A reclaim of 78,081 kills this lean.
Would you short this breakdown or wait for the retest?
Size small, use a stop, and this isn't financial advice.
