๐ BTC is forming a descending channel pattern on the 2-hour timeframe.
๐ป This pattern usually indicates a bearish trend.
๐ Recent price action shows BTC breaking below the channel's resistance line.
๐ Trading Plan:
๐ฐ Entry Price: $70,967.49
๐ฐ 1st TP: $70,967.49
๐ฐ 2nd TP: $69,693.98
๐ฐ 3rd TP: $68,625.40
โ๏ธ SL: $72,006.79
๐ผ Short position entered at entry price, expecting further decline.
๐ฏ TPs set at potential support levels or profit-taking points.
โ๏ธ SL placed above breakout resistance line to limit losses.