BTC/USDT | Trendline Retest for a Potential Downward Move
2025-01-08
Category: None

This BTC/USDT 4-hour chart presents a bearish setup following a retest of the ascending trendline, which previously acted as support but may now serve as resistance. Key details of the trade plan include:

 
 Entry around the $95,584.8 level after the retest of the trendline.
     Stop-loss set above $96,694.0 to protect against invalidation.
     Targeting $91,702.3 as the initial take-profit zone, coinciding with a previous demand area.
 

This setup assumes a rejection at the trendline, signaling potential further downside. Monitor price action closely and use proper risk management. Share your thoughts or adjustments to refine the idea!