Bitcoin (BTC/USD) Bearish Continuation: Potential Drop Ahead
This Bitcoin (BTC/USD) price chart on the 1-hour time
Observations:
1. Downtrend Channel:
The price has been moving downward within a descending channel (marked in blue).
There is consistent lower highs and lower lows, indicating a bearish structure.
2. Breakout & Retest:
The price broke below the descending channel but attempted a small recovery.
Currently, it is testing the previous support, which could act as resistance.
3. Bearish Projection:
A red downward arrow suggests a possible rejection from this resistance level.
The drawn path indicates a potential further decline, possibly targeting the $88,000–$90,000 range.
4. Market Sentiment:
A 2.61% decline suggests strong bearish momentum.
Economic or external events (represented by icons) may influence the next move.
Conclusion:
If price fails to break back into the channel and faces rejection, a further drop is expected.
A confirmed breakdown could see BTC testing lower support levels around $92,000 or lower.
Observations:
1. Downtrend Channel:
The price has been moving downward within a descending channel (marked in blue).
There is consistent lower highs and lower lows, indicating a bearish structure.
2. Breakout & Retest:
The price broke below the descending channel but attempted a small recovery.
Currently, it is testing the previous support, which could act as resistance.
3. Bearish Projection:
A red downward arrow suggests a possible rejection from this resistance level.
The drawn path indicates a potential further decline, possibly targeting the $88,000–$90,000 range.
4. Market Sentiment:
A 2.61% decline suggests strong bearish momentum.
Economic or external events (represented by icons) may influence the next move.
Conclusion:
If price fails to break back into the channel and faces rejection, a further drop is expected.
A confirmed breakdown could see BTC testing lower support levels around $92,000 or lower.
交易結束：達到停損點
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