BTCUSDT – H4 – Ascending Trendline Breakdown Setup

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BTCUSDT – H4 – Ascending Trendline Breakdown SetupBitcoin / TetherUSBINANCE:BTCUSDTDOCTOR_PIPS_007Bitcoin is showing signs of weakening after failing to hold above a key ascending trendline. Price was rejected from the 65,000–65,500 resistance zone, where sellers stepped in aggressively, preventing further upside continuation. The recent rejection suggests that bullish momentum is fading while bears are gradually taking control. Price is now trading below the rising trendline, indicating a potential shift in short-term market structure. If Bitcoin remains below this broken support and fails to reclaim the trendline, bearish pressure could accelerate toward the next major demand zones. A confirmed rejection from the trendline would strengthen the probability of further downside movement. If the Breakdown Continues 🔴 1st Target Area: 60,000.00 🔴 2nd Target Area: 58,000.00 🟢 Resistance Zone: 65,000.00 – 65,500.00 ⚠️ Disclaimer: This analysis is for educational purposes only. Always wait for price confirmation and practice proper risk management before entering any trade.