Bitcoin$BTC
(BTC) Signals Continued Weakness on the Daily Chart
Bitcoin’s$BTC daily chart is showing a notable change in momentum, with the #WhaleDeRiskETH market shifting firmly back into bearish territory. After previously trending higher, BTC $BTC failed to break above a key resistance area and was strongly rejected, reinforcing seller dominance.
This rejection has led to a period of consolidation that closely resembles a bearish flag — a classic continuation pattern seen during downtrends. Rather than signaling a recovery, this structure suggests the #WhaleDeRiskETH market is simply pausing before its next directional move.
As long as price remains below the flag resistance, downside pressure is likely to persist. Traders should remain cautious, as the broader structure still favors sellers until a clear breakout and trend shift occur.