$BTC just lost the range support on the 1H and printed a fresh lower low. 📉
Price has been grinding inside a descending channel with lower highs stacking up, and the latest candle dumped hard to ~$74K. RSI is sliding toward 40 with no bullish divergence yet, so momentum still favors sellers.
🔻 Bearish target: ~$70,075 if the breakdown holds
🔺 Invalidation: reclaim of ~$75,000 and the channel top
⚠️ Watch the HL near $73.5K. If it breaks, the move toward $70K opens up.
Patience over FOMO. Wait for confirmation, manage your risk, and don't chase.
#BTC #Bitcoin #BinanceSquare #cryptotrading #TechnicalAnalysis
Price has been grinding inside a descending channel with lower highs stacking up, and the latest candle dumped hard to ~$74K. RSI is sliding toward 40 with no bullish divergence yet, so momentum still favors sellers.
🔻 Bearish target: ~$70,075 if the breakdown holds
🔺 Invalidation: reclaim of ~$75,000 and the channel top
⚠️ Watch the HL near $73.5K. If it breaks, the move toward $70K opens up.
Patience over FOMO. Wait for confirmation, manage your risk, and don't chase.
#BTC #Bitcoin #BinanceSquare #cryptotrading #TechnicalAnalysis
