$BTC BTC: Bear Flag in Play?
The chart is flashing a classic bear flag pattern. After a sharp impulse move down, price action is trapped in a rising channel, and we are now hugging the lower boundary.
The numbers to watch:
Key Support: The $66,270 level. A close below this activates the pattern.
Immediate Target: The $63,000 zone, where buyers might step in.
Momentum Scenario: If the pressure holds, the "measured move" technique suggests we could potentially see $57,740 or even lower.
Not a prediction, just following the trend. The bears might not be done yet. 🐻🏗️
#BTC☀ #CryptoAnalysis #bearflag