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