Bitcoin Bearish Reversal Setup: Rising Wedge Breakdown Targeting

1. Entry Point:

Marked around $86,853, this is where a potential short (sell) trade might have been initiated.



2. Stop Loss:

Placed above $88,783, protecting the trade in case the market goes against the position.



3. Target Point (Take Profit):

Aiming down toward $74,443.76, suggesting a large bearish move is anticipated.



4. EMA Indicators:

30 EMA (Red Line) at ~$84,271: Indicates short-term trend.

200 EMA (Blue Line) at ~$83,496: Indicates long-term trend.

Price is currently trading above the 200 EMA but slightly below the 30 EMA, showing mixed short-term momentum.