Hello traders! BTCUSD continues to trade inside a well-defined Descending Channel, confirming a strong bearish structure where the market consistently forms lower highs and lower lows. Throughout the chart, price repeatedly respects both channel boundaries, showing that sellers continue to dominate the trend. Earlier in the chart, Bitcoin created a Range Phase, indicating consolidation before sellers regained control and pushed price back down toward the mid-channel zone. Each time BTCUSD approached the channel’s upper boundary, it reacted with a clear pivot rejection, which initiated new downward waves — a classic pattern showing persistent sell-side pressure. A notable highlight is the Fake Breakout below the $84,000 area, where liquidity was swept before buyers stepped back in. This move created a strong reaction and initiated the current upward correction. The Demand Line drawn from recent lows has supported the price, helping BTCUSD climb back toward the mid-channel area.
Currently, Bitcoin is trading just above the $84,000 Demand Zone, which previously generated significant buying interest. The structure suggests that buyers may continue defending this zone, especially as price remains supported by the rising demand trendline. However, BTCUSD is still positioned below the $91,000–$92,000 Supply Zone, where sellers previously took control and where another reaction may occur.
My scenario, If buyers maintain momentum, price may attempt a corrective push toward the $91,000 resistance level — a key supply area aligned with the descending channel’s mid-line. A rejection here would be fully in line with the prevailing bearish trend. Manage your risk!
Currently, Bitcoin is trading just above the $84,000 Demand Zone, which previously generated significant buying interest. The structure suggests that buyers may continue defending this zone, especially as price remains supported by the rising demand trendline. However, BTCUSD is still positioned below the $91,000–$92,000 Supply Zone, where sellers previously took control and where another reaction may occur.
My scenario, If buyers maintain momentum, price may attempt a corrective push toward the $91,000 resistance level — a key supply area aligned with the descending channel’s mid-line. A rejection here would be fully in line with the prevailing bearish trend. Manage your risk!
Zlecenie aktywne
At the moment, we can see that Bitcoin has started to recover, but now it has entered the stage of correction. We will observe further.Zlecenie zamknięto ręcznie
Unfortunately, the price has entered the consolidation zone. This shows that this asset does not have much interest from either side yet.
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🔥 Join our paid VIP community with Forex and Crypto signals in order to improve your trading skills, my contact 👉 t.me/henii_trader
💎 I'm open for cooperation/advertising, not interested in rebate
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Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.