viaral

This BTCUSDT 4H chart analysis is showing a bearish breakout and continuation move downward.
Main Idea of the Analysis
The trader identified a descending triangle / bearish consolidation pattern.
Price was making:
Lower highs (green descending trendline)
A temporary support area around 76,800 – 77,000
When Bitcoin broke below that support, the market started a strong sell-off.
Key Points in the Chart
1. Bearish Trend
The overall market structure is bearish because:
Price keeps creating lower highs
Sellers are controlling the market
Momentum turned negative after the breakdown
2. Break of Support
The black horizontal line near 77,065 acted as support.
Once BTC closed below that level, it confirmed the bearish setup.
This is called a support breakdown.
3. Short Position Setup
The red and green box is a risk/reward tool for a short trade.
Red area (top) = Stop Loss zone
Green area (bottom) = Take Profit zone
The trader expected price to continue falling after the breakout.
4. Target Zones
Current important levels shown:
Around 74,700 → first support zone
Around 72,800 – 72,500 → main target area
The analysis expects BTC could move toward that lower demand zone if bearish pressure continues.
What the Chart Suggests
This setup suggests:
Sellers are stronger than buyers
Market sentiment is weak
Short-term momentum is bearish
If BTC cannot recover above the broken resistance area near 77K, more downside may happen.
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