After $BTC approached the upper limit of the descending channel, the price returned to face a strong resistance and has failed to break through it so far, keeping the likelihood of rejection and a correction active as long as trading stays below it. Any weakness in momentum from this zone may push the price to retest the channel’s lower boundary.

🎯 Correction targets:
61,369
59,672
57,923
❌ Scenario invalidation:
A 4-hour candle close above the upper limit of the descending channel, with it turning into support, confirming the end of selling pressure and opening the way for further upside.
📊 Why am I watching this zone?
Because the price is trading below a dynamic resistance that formed the top of the move during the past period, and any new failure to break through it may return control to the sellers and push the price toward the support levels shown on the chart.$BTC