BTC Breakdown Stp Bearish triangle Sell below $60.5k target 58k$

28 Haz

Chart Overview:

Asset: BTC/USDT (Bitcoin)

Chart Type: Candlestick

Timeframe: Likely intraday (short-term, possibly 15m or 1h)

Indicators/Tools Used:

Trendlines

Support/Resistance levels

Pattern formation (possible descending triangle)




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Technical Analysis:

🔻 Bearish Bias (Sell Signal):

Pattern: A descending triangle pattern is visible—typically a bearish continuation pattern.

Lower Highs: Indicates selling pressure increasing over time.

Flat Support Zone: Around $60,500–$60,600. Price is testing this zone repeatedly.

Breakdown Likely: If price breaks and closes below this support, a sharp drop can be expected.



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📉 Put Direction: Sell BTC

Entry (Sell): On break below $60,500

Target 1: $59,200 (near previous consolidation zone)

Target 2: $58,000 (measured move from triangle)

Stop Loss: $61,000 (above descending trendline)



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✅ Summary:

BTC is under pressure below resistance and forming lower highs.

If it breaks $60,500 support, a downward continuation is expected.

Strategy: Sell on breakdown, target $58,000 short-term.

29 Haz

İşlem kapandı: hedefe ulaştı