$BTC ✅ BTC Update: Expanding Descending Triangle Breakdown
Bitcoin recently formed an Expanding Descending Triangle pattern on the 1H timeframe.
The structure broke downside, showing sellers are currently in control.
📉 Price failed to sustain higher highs
📉 Strong breakdown from wave 4 → 5 confirms bearish bias
📉 Retest of resistance now acting as a rejection zone
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🔍 Key Levels to Watch
🔻 Support: 112,800 – 112,600
🔻 Major Demand: 112,200 – 112,000
🔺 Resistance: 113,400 – 113,600
🔺 Bull Recovery Level: 114,000
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🎯 What’s Next?
Base Scenario (High Probability): Bearish Continuation
A rejection from 113,400–600 can trigger next move down
Bears targeting 112,200 – 112,000
Bullish Only If:
BTC closes above 114,000 on 1H timeframe
Then price can squeeze to 115,000+
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✅ Quick Trade Plan
Short Zone: 113,350 – 113,500
➡️ Targets: 112,800 → 112,400 → 112,000
🛑 Stop: Above 114,050
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📌 Summary
Trend still favors sellers until 114,000 flips to support.
Watch reaction at resistance — rejection = continuation down.
