$BTC BEARISH FLAG PLAYED OUT PERFECTLY - $200K Still Possible?
Bearish flag breakdown from $88K-$90K zone played out perfectly, Target achieved with a -30% move down to $59,800.
Current Structure: Price consolidating in $65K-$71K range → No Trade Zone.
Key Levels to Watch: ▸ Upside: Expecting a relief bounce toward $80K Bearish Order Block → high probability rejection zone before next leg down. ▸ Downside: $60K acting as strong support. Break below invalidates the bounce thesis → opens path to $50K and potentially $40K.
Long-Term Outlook: For spot/long-term players, accumulating at these levels isn't unreasonable with macro targets of $200K-$500K still intact.
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$BTC BEARISH FLAG PLAYED OUT PERFECTLY - $200K Still Possible?
Bearish flag breakdown from $88K-$90K zone played out perfectly, Target achieved with a -30% move down to $59,800.
Current Structure: Price consolidating in $65K-$71K range → No Trade Zone.
Key Levels to Watch:
▸ Upside: Expecting a relief bounce toward $80K Bearish Order Block → high probability rejection zone before next leg down.
▸ Downside: $60K acting as strong support. Break below invalidates the bounce thesis → opens path to $50K and potentially $40K.
Long-Term Outlook:
For spot/long-term players, accumulating at these levels isn't unreasonable with macro targets of $200K-$500K still intact.
Trade with confirmations. Manage your risk. No overleveraging.
NFA | DYOR#BitcoinPlungeNearsHistoricLows