The chart shows Bitcoin (BTC) previously trading within an ascending channel (marked by two parallel black lines).
Recently, BTC broke below this channel, signaling a bearish shift in momentum.
BTC is currently attempting to retest the lower boundary of the broken channel.
This is critical—if BTC fails to reclaim the channel, it could confirm a downtrend continuation.
The chart suggests a possible short-term bounce toward resistance around $85,000-$86,000.
However, after this retest, BTC is expected to drop sharply toward $79,000 - $78,400 (green support zone).
$79,059 & $78,424 are identified as key support zones.
If BTC reaches these levels and holds, a rebound is possible.
If broken, BTC could see a deeper decline toward lower levels.
Breakout invalidation: If BTC breaks above $86,000 with strong volume, it could regain bullish momentum and move higher.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
Recently, BTC broke below this channel, signaling a bearish shift in momentum.
BTC is currently attempting to retest the lower boundary of the broken channel.
This is critical—if BTC fails to reclaim the channel, it could confirm a downtrend continuation.
The chart suggests a possible short-term bounce toward resistance around $85,000-$86,000.
However, after this retest, BTC is expected to drop sharply toward $79,000 - $78,400 (green support zone).
$79,059 & $78,424 are identified as key support zones.
If BTC reaches these levels and holds, a rebound is possible.
If broken, BTC could see a deeper decline toward lower levels.
Breakout invalidation: If BTC breaks above $86,000 with strong volume, it could regain bullish momentum and move higher.
If you found this analysis helpful, hit the Like button and share your thoughts or questions in the comments below. Your feedback matters!
Thanks for your support!
DYOR. NFA
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관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.