As $BTC approached the upper limit of the bearish channel, the price returned to face strong resistance and has not managed to break through it yet, which keeps the possibility of rejection and correction on the table as long as trading remains below it. Any weakness in momentum from this area could push the price to retest the lower boundary of the channel.


🎯 Corrective targets:
61,369
59,672
57,923
❌ Invalidation of the scenario:
A 4-hour candle close above the upper limit of the bearish channel, converting it into support, confirming the end of selling pressure and allowing room for continued upside.
📊 Why am I watching this zone?
Because the price is trading below a dynamic resistance that formed a cap for 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 $BTC
BTC-1.77%
View Original
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned