BTCUSD – Breakdown From Consolidation Zone After False Breakout

This chart shows a classic range structure in BTCUSD on the 15-minute timeframe. After several rejections from the upper resistance zone, price attempted a breakout that turned into a fakeout — trapping late buyers.

Following the failed breakout, price broke down below the range support, confirming a shift in short-term momentum. Volume also showed signs of expansion on the breakdown, supporting the bearish structure.

This setup highlights how false breakouts can lead to sharp reversals, often catching traders off guard. The current structure remains bearish as long as price stays below the previous support-turned-resistance.

Note: This analysis is for educational purposes only and not intended as financial advice.