📉 BTC — SHARP BREAKDOWN & MOVING AVERAGE LOSS! 🔻
$BTC (Bitcoin) is trading lower at 83,495.8 (-3.17%, or roughly Rs23,124,161.81), moving within a 24-hour range between a high of 86,664.9 and a low of 83,356.0. Price action on this 4-hour chart displays a decisive downside breakdown slipping away from the previous high, currently pushing below the fast MA(7) (84,593.4), MA(25) (85,238.7), and structural MA(99) (84,623.4) cluster.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 84,200.0–85,200.0 (on relief bounces or retests toward the broken moving average resistance zone)
🛑 STOP LOSS: 86,100.0
🎯 TP1: 82,200.0
🎯 TP2: 80,500.0
Are you shorting this Bitcoin breakdown lower, or waiting for a stabilization sign near key support? Let's discuss below! 👇
👉 Trade: $BTC
#BTC #bitcoin #cryptotrading #BinanceSquare #bearish
$BTC (Bitcoin) is trading lower at 83,495.8 (-3.17%, or roughly Rs23,124,161.81), moving within a 24-hour range between a high of 86,664.9 and a low of 83,356.0. Price action on this 4-hour chart displays a decisive downside breakdown slipping away from the previous high, currently pushing below the fast MA(7) (84,593.4), MA(25) (85,238.7), and structural MA(99) (84,623.4) cluster.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 84,200.0–85,200.0 (on relief bounces or retests toward the broken moving average resistance zone)
🛑 STOP LOSS: 86,100.0
🎯 TP1: 82,200.0
🎯 TP2: 80,500.0
Are you shorting this Bitcoin breakdown lower, or waiting for a stabilization sign near key support? Let's discuss below! 👇
👉 Trade: $BTC
#BTC #bitcoin #cryptotrading #BinanceSquare #bearish