📉 BTC is forming a descending channel pattern on the 2-hour timeframe.
🐻 This pattern usually indicates a bearish trend.
📉 Recent price action shows BTC breaking below the channel's resistance line.
📉 Trading Plan:
💰 Entry Price: $70,967.49
💰 1st TP: $70,967.49
💰 2nd TP: $69,693.98
💰 3rd TP: $68,625.40
⛔️ SL: $72,006.79
💼 Short position entered at entry price, expecting further decline.
🎯 TPs set at potential support levels or profit-taking points.
⛔️ SL placed above breakout resistance line to limit losses.
