Technical Analysis of BTCUSD – Is a Correction Approaching?

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BTCUSD is currently moving within a clearly defined falling wedge pattern, with price now pressing against the lower boundary of the structure. This level may act as dynamic support, and if price shows a strong rejection, a corrective move toward the resistance zone near 102,000 could occur.

If sellers manage to defend that resistance area, the bearish structure remains intact, giving BTCUSD the potential to continue dropping to lower levels. But if price breaks above that zone, there is room for a higher correction toward the upper boundary of the wedge.

At this stage, paying close attention to candlestick patterns and volume behavior around this key area is crucial for identifying the best selling opportunities. Make sure every trade setup is supported by clear confirmation, and always apply solid risk management.

If you have any additional insights or a different perspective on this setup, I’d love to hear it. Feel free to share your thoughts in the comments!

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Price broke below the consolidation with renewed bearish strength, so the setup is invalidated