Bitcoin (BTC/USD) Extends Downtrend – Further Decline Ahead?
BTC/USD 1H Chart Analysis: Bearish Continuation Expected
Key Observations:
Descending Channel Formation:
The price is moving within a well-defined downward-sloping channel (gray trendlines).
The overall structure suggests consistent lower highs and lower lows, confirming a strong downtrend.
Bearish Flag Pattern (Potential Breakdown):
The price is forming a small consolidation within the channel, resembling a bearish flag pattern.
If the price fails to break above the upper boundary, it could lead to a continuation of the downtrend.
Red Arrow Projection (Further Decline Expected):
The chart suggests a small relief bounce before another drop towards lower support levels.
If the price fails to break above resistance near $85,000, we could see a continuation toward $82,000 - $80,000.
Trading Outlook:
Bearish Bias: As long as BTC remains inside the descending channel, further downside is expected.
Break & Retest Confirmation: Watch for rejection at $85,000 - $86,000, which could act as a strong resistance zone.
Target Levels:
Short-term: $82,000
Extended target: $80,000
Invalidation: A break above $87,000 could invalidate the bearish setup and signal a potential reversal.
Conclusion:
Downtrend Continuation Likely: BTC remains in a strong bearish structure.
Watch for a Pullback: Any rejection from resistance strengthens the case for further decline.
Bearish Targets: $82,000, then $80,000 if momentum continues.
Key Observations:
Descending Channel Formation:
The price is moving within a well-defined downward-sloping channel (gray trendlines).
The overall structure suggests consistent lower highs and lower lows, confirming a strong downtrend.
Bearish Flag Pattern (Potential Breakdown):
The price is forming a small consolidation within the channel, resembling a bearish flag pattern.
If the price fails to break above the upper boundary, it could lead to a continuation of the downtrend.
Red Arrow Projection (Further Decline Expected):
The chart suggests a small relief bounce before another drop towards lower support levels.
If the price fails to break above resistance near $85,000, we could see a continuation toward $82,000 - $80,000.
Trading Outlook:
Bearish Bias: As long as BTC remains inside the descending channel, further downside is expected.
Break & Retest Confirmation: Watch for rejection at $85,000 - $86,000, which could act as a strong resistance zone.
Target Levels:
Short-term: $82,000
Extended target: $80,000
Invalidation: A break above $87,000 could invalidate the bearish setup and signal a potential reversal.
Conclusion:
Downtrend Continuation Likely: BTC remains in a strong bearish structure.
Watch for a Pullback: Any rejection from resistance strengthens the case for further decline.
Bearish Targets: $82,000, then $80,000 if momentum continues.
Transakcja zamknięta: osiągnięto wyznaczony cel
🎯✅ Another Target Hit – btc/usd Playing Out Perfectly! ✅🎯
Boom! 🚀 Our analysis on EUR/USD nailed the key resistance zone, leading to the expected rejection! 📉🔥
Patience and precision always pay off in trading! If you caught this move, let me know in the comments! 💰💡
More setups coming—stay tuned, and let’s keep winning together! 🏆📊
#btcusd #ForexQueen
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