Following up on yesterday's analysis, Bitcoin has indeed broken down from the short-term rising channel confirmed in the 4H chart (image attached).
Here is my tactical assessment:
Confirmed Breakdown: This move is decisive. Given the absence of strong buy-side volume during this dip, I view the possibility of a "whipsaw" or fake-out as extremely low.
Next Target: A retest of the previous local low is now the most probable scenario in the very near term. This support zone will be critical.
The subdued sentiment I highlighted yesterday continues to dominate. As predicted, we may see further downside.
Let's maintain discipline. 🛡️
