🩸$BTC Market Update — The Bearish Pattern Is Playing Out
As warned earlier, BTC and ETH were trading inside bearish structures, and after the breakdown, the pattern started playing out.
BTC has fallen from $87K → $80K, while ETH has dropped from above $2,800 → $2,400.
Now the key zone I’m watching is:
🟢 BTC Support: $79,500–$79,700 — important Fibonacci/0.618 area.
🟢 $ETH Support: $2300-$2355
If this zone holds and BTC gives a strong reaction, we could see a bounce and potentially a retest of the broken rising-wedge structure.
But if $79,500 breaks decisively, the downside could accelerate toward the next major support:
🎯 $76,000–$77,000
There is also significant long liquidity sitting below, so a breakdown could trigger a deeper liquidity sweep.
If you’re planning any entry around these levels, SL is a must. Don’t get trapped trying to catch the local bottom.
Manage risk properly 👇🏻
As warned earlier, BTC and ETH were trading inside bearish structures, and after the breakdown, the pattern started playing out.
BTC has fallen from $87K → $80K, while ETH has dropped from above $2,800 → $2,400.
Now the key zone I’m watching is:
🟢 BTC Support: $79,500–$79,700 — important Fibonacci/0.618 area.
🟢 $ETH Support: $2300-$2355
If this zone holds and BTC gives a strong reaction, we could see a bounce and potentially a retest of the broken rising-wedge structure.
But if $79,500 breaks decisively, the downside could accelerate toward the next major support:
🎯 $76,000–$77,000
There is also significant long liquidity sitting below, so a breakdown could trigger a deeper liquidity sweep.
If you’re planning any entry around these levels, SL is a must. Don’t get trapped trying to catch the local bottom.
Manage risk properly 👇🏻