₿ BTC/USD – Bearish Continuation After Breakdown
Bitcoin remains in a clear downtrend, trading inside a well-defined descending channel. The market structure continues to print lower highs and lower lows, confirming that sellers are still in control.
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🔹 Descending Channel
• Price has been respecting the upper and lower bounds of the channel very cleanly.
• Multiple rejections from the channel top confirm strong overhead resistance.
• As long as BTC stays inside this channel, the trend bias remains bearish.
⸻
🔹 Triangle Consolidation
• BTC is now forming a triangle inside the downtrend, indicating consolidation, not reversal.
• This type of triangle is typically a bearish continuation pattern.
• A breakdown below the triangle support would likely trigger the next impulsive leg down.
⸻
🔹 Moving Averages
• Price is trading below the 50, 100, and 200 SMAs, reinforcing bearish pressure.
• The 200 SMA (~108.6K) remains far above price and acts as major resistance.
• Any bounce into these averages is likely to be sold into.
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🔹 RSI Confirmation
• RSI is below 50, showing weak momentum and lack of bullish strength.
• No bullish divergence is present, supporting the continuation downside scenario.
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🔹 Key Levels
• Resistance: 96K → 105K → 108K
• Support: 88K → 84K → 80K → low-70Ks (channel extension)
A confirmed breakdown could open the door toward the mid- to low-70K area.
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🔹 Conclusion
This looks like bearish consolidation before continuation, not accumulation.
Until BTC breaks above the channel and key moving averages, the path of least resistance remains down.
⸻
🧠 “In a downtrend, consolidation is usually a pause — not a bottom.”
📜 Disclaimer: This is general information only and not financial advice.
Bitcoin remains in a clear downtrend, trading inside a well-defined descending channel. The market structure continues to print lower highs and lower lows, confirming that sellers are still in control.
⸻
🔹 Descending Channel
• Price has been respecting the upper and lower bounds of the channel very cleanly.
• Multiple rejections from the channel top confirm strong overhead resistance.
• As long as BTC stays inside this channel, the trend bias remains bearish.
⸻
🔹 Triangle Consolidation
• BTC is now forming a triangle inside the downtrend, indicating consolidation, not reversal.
• This type of triangle is typically a bearish continuation pattern.
• A breakdown below the triangle support would likely trigger the next impulsive leg down.
⸻
🔹 Moving Averages
• Price is trading below the 50, 100, and 200 SMAs, reinforcing bearish pressure.
• The 200 SMA (~108.6K) remains far above price and acts as major resistance.
• Any bounce into these averages is likely to be sold into.
⸻
🔹 RSI Confirmation
• RSI is below 50, showing weak momentum and lack of bullish strength.
• No bullish divergence is present, supporting the continuation downside scenario.
⸻
🔹 Key Levels
• Resistance: 96K → 105K → 108K
• Support: 88K → 84K → 80K → low-70Ks (channel extension)
A confirmed breakdown could open the door toward the mid- to low-70K area.
⸻
🔹 Conclusion
This looks like bearish consolidation before continuation, not accumulation.
Until BTC breaks above the channel and key moving averages, the path of least resistance remains down.
⸻
🧠 “In a downtrend, consolidation is usually a pause — not a bottom.”
📜 Disclaimer: This is general information only and not financial advice.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.