BTC/USDT 30M ChartBTC / Tether PERPETUAL FUTURESMEXC:BTCUSDT.PMangoMan4🔹 Asset: Bitcoin (BTC/USDT Perpetual Futures) 🔹 Timeframe: 30M (30-Minutes) 🔹 Exchange: MEXC 📊 Market Overview: BTC remains in a strong downtrend, respecting a descending trendline. Recent price action suggests a potential short-term reversal or pullback, contingent on bullish confirmation at the marked reversal area. 📉 Key Technical Insights: ✅ Lower Highs & Trendline Resistance: BTC is struggling to break above a key diagonal resistance, reinforcing the bearish structure. ✅ Reversal Area: A key demand zone has been identified around $83,500 - $83,000, where buyers may step in. ✅ Candle Confirmation Needed: A bullish engulfing or hammer candlestick formation in the reversal area could signal a pullback towards $84,500 - $85,000. 📌 Potential Trade Scenarios: 🔻 Bearish Continuation: If BTC fails to hold the reversal area, further downside towards $82,500 or lower is likely. 🔺 Short-term Bullish Reversal: A confirmed bullish candlestick formation could push BTC back to $85,000, where sellers might re-enter. 📢 Final Thoughts: BTC is in a downtrend, but a temporary relief rally is possible if strong bullish confirmation appears at the support zone. Traders should wait for price action signals before entering. 🔔 Stay alert and manage risk wisely! 🚀