đš BTC Quick Update â Follow-Up From Yesterday
Yesterday we mentioned that BTC was still inside a descending channel and warned that a rejection from the upper trendline could push the price down again.
Today, BTC has dumped exactly from that zone and touched the channel support.
đ Current Situation
BTC is holding around 86k support zone (channel bottom)
Downtrend structure is still intact
Buyers are trying to defend this support
đ Bearish Continuation
If BTC breaks below 85.8k â 86k:
âĄïž Further downside likely
âĄïž Targets â 84.8k â 83.5k
Reason:
Breaking the channel bottom = trend continuation, more selling pressure.
đ Bounce Scenario

BTC
68,100
-1.14%
If BTC respects the lower channel support again:
âĄïž Short-term bounce possible
âĄïž Targets â 88k â 89.2k