$BTC Confirms Bearish Structure After Neckline Rejection
Bitcoin has once again been rejected at the 94k–98k neckline resistance, reinforcing a bearish market structure.
Key Levels:
Resistance: 94k–98k
Support: 80k → 75k → 70k
Technically, the structure remains weak. A failed Head & Shoulders recovery, followed by a bear flag breakdown, signals that sellers are still in control and the broader trend remains bearish.
ALTs follow BTC
⚠️ Not financial advice. Always do your own research (DYOR).
Bitcoin has once again been rejected at the 94k–98k neckline resistance, reinforcing a bearish market structure.
Key Levels:
Resistance: 94k–98k
Support: 80k → 75k → 70k
Technically, the structure remains weak. A failed Head & Shoulders recovery, followed by a bear flag breakdown, signals that sellers are still in control and the broader trend remains bearish.
ALTs follow BTC
⚠️ Not financial advice. Always do your own research (DYOR).