BTC impulsive decline confirms bear flag pattern—Analysis Report 245

Bitcoin finally showed a strong impulse as expected over several days, though the direction was downward. This downward move perfectly aligns with technical analysis predictions, and the market has released pressure as anticipated. According to Report 245’s analysis framework, the stop-loss for short positions has been adjusted to break-even at $66,997, with current paper profits reaching +106%.

Complete Breakthrough of the Bear Flag Target

The market indeed reached the full target of the previously marked “Bear Flag”—$65,245. The completion of this technical pattern indicates that the short-term downtrend has entered a new phase. According to the established strategy, the stop-loss is triggered at the breakeven point when the third primary trend target at the 3-hour timeframe hits $64,878. Reaching this zone will further confirm the validity of the current downtrend.

Multi-Timeframe Signal Resonance

Multiple levels of strong low-point signals are appearing on the current asset. The 10-minute, 15-minute, 30-minute, and 45-minute timeframes all show strong potential low signals, while the 2-hour timeframe has accumulated three strong signals. The 4-hour timeframe marks two regular signals. This stacking of signals across multiple timeframes explains why the downward momentum is slowing—markets are entering a potential absorption zone.

Key Support and Liquidity Analysis

The biggest question about the downward pressure is: does this mark the end of the decline? The position is fully hedged against risk, and trend analysis still suggests further downside, but there may be short-term rebound opportunities. The next liquidity zones are targeted at $62,459–$62,653 and $60,633–$60,827.

From horizontal support levels, the support at $64,811 has been broken, with the next defense level at $63,816. This level is critical because below it, the next support is directly at $60,000—representing the lowest point of the entire fall cycle in fall and winter. The current horizontal resistance is at $65,641; a breakout above this could lead directly to $67,300. The large gap between these levels poses a potential threat to breakeven stops, especially if prices rebound rapidly.

Overall Implication of the Technical Pattern

From a broader perspective, this downward breach has moved the price out of the February “triangle” consolidation pattern. More precisely, it is a complete bear flag pattern, with a theoretical target of $36,619. Although such an extreme decline is not the primary expectation given high selling pressure at higher levels and oversold technical conditions, trend-following strategies remain aligned with the trend and do not actively close positions.

The liquidity zone at $62,459–$62,653 is indeed “attractive,” visible across all hourly timeframes, and has been tested repeatedly over the long term. Traders following Analysis Report 245, if they have taken profits sufficiently, may now consider partial or full profit-taking, as the potential for a short-term rebound has already formed.