🔥 $BTC 4H UPDATE — BEARS ARE IN CONTROL?
Bitcoin is currently trading inside a descending channel, and the latest rejection from the upper trendline has triggered another sharp sell-off.
📉 BTC is now testing the lower boundary of the channel, while the RSI sits around 31.7, showing strong bearish momentum and approaching oversold territory.
The key levels I’m watching:
🔴 Resistance: 77,000–79,000
🟢 Support: 74,500–75,000
⚠️ Channel breakdown: A confirmed 4H close below the lower trendline could open the door toward 73K–72K.
But RSI near oversold levels means I wouldn’t chase a short blindly here. If BTC reclaims 76K–77K with strong volume, a relief bounce toward the upper channel becomes possible.
🎯 My approach: Wait for confirmation — either a clean breakdown and retest, or a strong reversal from support.
No FOMO. No emotional entries. Let the price confirm the move.
₿ BTC: Bearish until the channel breaks.
#bitcoin.” #FedRateWatch
Bitcoin is currently trading inside a descending channel, and the latest rejection from the upper trendline has triggered another sharp sell-off.
📉 BTC is now testing the lower boundary of the channel, while the RSI sits around 31.7, showing strong bearish momentum and approaching oversold territory.
The key levels I’m watching:
🔴 Resistance: 77,000–79,000
🟢 Support: 74,500–75,000
⚠️ Channel breakdown: A confirmed 4H close below the lower trendline could open the door toward 73K–72K.
But RSI near oversold levels means I wouldn’t chase a short blindly here. If BTC reclaims 76K–77K with strong volume, a relief bounce toward the upper channel becomes possible.
🎯 My approach: Wait for confirmation — either a clean breakdown and retest, or a strong reversal from support.
No FOMO. No emotional entries. Let the price confirm the move.
₿ BTC: Bearish until the channel breaks.
#bitcoin.” #FedRateWatch
