$BTC After breaking below the bear flag support, price recovered and has now retested the same level we previously broke below.



From there, we’re currently seeing a rejection.

This means the pattern remains valid and continues to point toward further downside.

If price manages to reclaim the level and find acceptance back inside the bear flag, an extension toward 68k is possible.
BTC0.91%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
StarsInTheGlassDome
· 48m ago
Classic false breakout backtest; the bear flag is still valid—wait for a breakout/confirmation of the direction with increased volume.
View OriginalReply0
PaperHandsPro
· 4h ago
This position is repeatedly contested. If the bulls can’t regain control, the space below will open up—watch the volume flow and momentum.
View OriginalReply0
GateUser-e62ee1b0
· 4h ago
After the bear flag broke down, it bounced back to test; getting rejected here is indeed ugly—the bearish structure is still intact, so I’m not thinking about 68k for now.
View OriginalReply0
  • Pinned