The 4-hour chart shows BTC price breaking below the ascending parallel channel on the daily chart. This is because the price broke below a short-term descending triangle pattern today.
This pattern has a target of $25,800, calculated by appending the height of the pattern to the breakout point.
Since this target coincides with the horizontal support zone at $26,000, it will likely provide a bounce when reached.

BTC/USDT 4-hour chart | Source: TradingView
Conclude
The most likely outlook suggests a deeper decline in BTC price over the next few days. The nearest target is $25,800-$26,000 and lower to $25,400.
You can see the prices of the coins here.
Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
$BTC
This pattern has a target of $25,800, calculated by appending the height of the pattern to the breakout point.
Since this target coincides with the horizontal support zone at $26,000, it will likely provide a bounce when reached.

BTC/USDT 4-hour chart | Source: TradingView
Conclude
The most likely outlook suggests a deeper decline in BTC price over the next few days. The nearest target is $25,800-$26,000 and lower to $25,400.
You can see the prices of the coins here.
Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
$BTC
