I’ve been sharing this $BTC chart for the past several days, and Bitcoin has now faced rejection near $84,300, exactly as anticipated. The next immediate support to watch is around $81,200.

On the daily timeframe, BTC appears to be forming a bearish rising wedge, with another smaller rising wedge developing inside the larger structure. Multiple patterns can develop simultaneously, so patience and confirmation remain key.

🔻 Critical Breakdown Zone: $80,300–$80,400

This zone represents the previous swing low and is a crucial level for Bitcoin’s next move.

A confirmed breakdown followed by a daily close below this area could open the door toward $76,000–$76,500. Until that happens, the downside target remains a potential scenario rather than a confirmed move.

🎯 Why Is the $76K Zone Important?

If BTC moves toward $76K, we could see a potential Head and Shoulders structure develop, with the left shoulder and head already in place and the possibility of a right shoulder forming.

From that area, Bitcoin could attempt a relief bounce toward $80,000–$81,000, where sellers may step in again.

However, this structure still needs confirmation. Price action will determine whether the bearish scenario plays out or the market takes a different direction.

⚠️ Important Invalidation Levels

🔹 $87,400–$87,500: A breakout above the previous swing high would weaken the current bearish outlook.

🔹 $89,800–$89,900: A daily close above this zone, or two consecutive 4H closes above it, would invalidate the current rising wedge setup and strengthen the bullish case.

📊 My Trading Plan

I’m closely watching these three key levels:

• $81,200 — Immediate support

• $80,300–$80,400 — Critical breakdown confirmation

• $76,000–$76,500 — Potential downside target

For now, I’m not rushing into any trade. I’ll wait for price confirmation before making a decision.

Remember: a chart pattern is a possibility, not a guarantee. Protect your capital, manage risk, and avoid emotional entries.

No blind entries. No unnecessary FOMO. Wait for confirmation. 🎯

What’s your view on $BTC — are we heading toward $76K, or will Bitcoin recover from support?

Share your thoughts below! 👇

#Bitcoin #BTC #CryptoAnalysis #BinanceSquare #TradingStrategy