đ©ž $BTC â Rising Wedge Breakdown Could Trigger a Major Drop!
Bitcoin is trading around $83K, and the daily rising wedge remains the key pattern to watch.
đŽ Resistance Zones
- $83,500â$83,800
- $85,500â$85,777
- $87,000â$88,000
đą Critical Support: $79,500
If BTC breaks below $79,500 with a confirmed candle close, the rising wedge breakdown could trigger a deeper correction.
đŻ Downside Targets:
- TP1: $76,000
- TP2: $74,000
- TP3: $72,000
đ When Is the Bearish Setup Invalid?
The rising wedge will be considered invalid if BTC closes above $88,000 and successfully retests that level as support.
Until then, watch these zones closely and avoid FOMO entries.
Manage risk properly.
Bitcoin is trading around $83K, and the daily rising wedge remains the key pattern to watch.
đŽ Resistance Zones
- $83,500â$83,800
- $85,500â$85,777
- $87,000â$88,000
đą Critical Support: $79,500
If BTC breaks below $79,500 with a confirmed candle close, the rising wedge breakdown could trigger a deeper correction.
đŻ Downside Targets:
- TP1: $76,000
- TP2: $74,000
- TP3: $72,000
đ When Is the Bearish Setup Invalid?
The rising wedge will be considered invalid if BTC closes above $88,000 and successfully retests that level as support.
Until then, watch these zones closely and avoid FOMO entries.
Manage risk properly.