itcoin is showing bearish momentum after facing strong rejection from the $84,400 resistance zone and breaking below the ascending trendline. The price has already experienced a sharp decline from the $86,800 area and recently bounced from the $80,360 low.
Currently, BTCUSD is recovering toward the $84,000–$84,400 resistance zone, which could act as a strong selling area. If the price faces rejection and bearish momentum continues, we may see another downward move toward the following targets:
🎯 Target 1: $82,009\
🎯 Target 2: $80,360
**Bearish Confirmation:** A clear rejection from resistance followed by a breakdown in short-term support could strengthen the selling setup.
**Invalidation:** A sustained breakout above the $84,400 resistance zone could weaken the bearish outlook.
I will be watching the resistance zone closely for a potential selling opportunity. Patience and proper risk management are essential.
*This is a technical analysis scenario, not a guaranteed market prediction.*
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