Bitcoin broke the $29800 support, turning bearish. A potential bull flag was negated by liquidated high-leverage positions.
Short-term target: $27000 in a few days. Watch for a retest of $29800 as a short entry point.
Set a stop loss at $30380 for safety.
Support: $27200 Resistance: $29800 / $31400
Trade carefully, avoid revenge trading, and always use a stop loss.
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#BTCUSDT Technical Analysis
Bitcoin broke the $29800 support, turning bearish.
A potential bull flag was negated by liquidated high-leverage positions.
Short-term target: $27000 in a few days.
Watch for a retest of $29800 as a short entry point.
Set a stop loss at $30380 for safety.
Support: $27200
Resistance: $29800 / $31400
Trade carefully, avoid revenge trading, and always use a stop loss.