$BTC BTC Price Analysis | Bearish Continuation 📉
Bitcoin is currently showing clear signs of bearish continuation on the chart. After failing to hold above the previous resistance zone, price has been consistently forming lower highs and lower lows, confirming downside momentum.
On the chart, BTC was rejected from the highlighted supply zone (blurred resistance area), which acted as a strong selling region. This rejection triggered a sharp move downward, indicating that sellers remain in control. The price is now trading below key moving averages, further strengthening the bearish bias.
🔍 Key Observations from the Chart:
Strong rejection from resistance (blurred zone)
Breakdown below short-term support
Bearish structure still intact
No strong bullish volume confirmation yet
📌 Trade Idea:
Sell / Short when price retests the marked resistance (blurred draw line)
Invalidation: Clean breakout and close above resistance$BTC
Targets: Previous lows and liquidity zones below
As long as BTC stays below this resistance area, the probability favors further downside. Patience is key—wait for price to come back to resistance before entering.
⚠️ Always manage risk and wait for confirmation.
📊 Chart speaks louder than words.
#BTC #Bitcoin #BTCUSD #CryptoAnalysis #PriceAction $BTC
