🔷️ $Bitcoin is still stuck beneath a level that has repeatedly rejected the recovery.
The daily chart shows the earlier rising channel breaking down into a broad descending structure. Since then, $BTC has been compressing between falling trendlines, with the blue horizontal resistance acting as the main ceiling. The repeated failures to reclaim that area keep the structure cautious. 👀
What stands out is how similar the current consolidation looks to the pause after the previous breakdown. A decisive move out of this descending structure should be much more informative than the small fluctuations inside it. Until then, the market remains in compression rather than confirmed trend reversal.