Hello Traders! 👋
What are your thoughts on Bitcoin?
Bitcoin has formed a clear descending channel after consistently printing lower highs and lower lows. However, over the past two months, price has been consolidating within a trading range, moving sideways without a clear directional trend. Currently, price is positioned around the mid-range, and as long as this range remains intact, a sharp impulsive move is unlikely.
Bearish Scenario (Primary View):
Based on the current market structure, as long as price remains:
• Inside the descending channel
• Below the key resistance / supply zone
The overall bias remains bearish.
In this scenario:
• A breakdown below the range support
• Would confirm continuation of the downtrend
• Opening the path toward lower levels (channel lows and beyond)
Bullish Scenario (Alternative):
If price manages to:
• Break above the descending channel
• And reclaim the resistance zone with strong confirmation
Then the bearish outlook would be invalidated, suggesting a potential trend reversal or a deeper bullish correction.
Although the market is currently in a consolidation phase, the broader structure remains bearish. Therefore, until key breakout levels are taken, downside continuation remains the higher-probability scenario.
Please don’t forget to like and share your thoughts in the comments! ❤️
What are your thoughts on Bitcoin?
Bitcoin has formed a clear descending channel after consistently printing lower highs and lower lows. However, over the past two months, price has been consolidating within a trading range, moving sideways without a clear directional trend. Currently, price is positioned around the mid-range, and as long as this range remains intact, a sharp impulsive move is unlikely.
Bearish Scenario (Primary View):
Based on the current market structure, as long as price remains:
• Inside the descending channel
• Below the key resistance / supply zone
The overall bias remains bearish.
In this scenario:
• A breakdown below the range support
• Would confirm continuation of the downtrend
• Opening the path toward lower levels (channel lows and beyond)
Bullish Scenario (Alternative):
If price manages to:
• Break above the descending channel
• And reclaim the resistance zone with strong confirmation
Then the bearish outlook would be invalidated, suggesting a potential trend reversal or a deeper bullish correction.
Although the market is currently in a consolidation phase, the broader structure remains bearish. Therefore, until key breakout levels are taken, downside continuation remains the higher-probability scenario.
Please don’t forget to like and share your thoughts in the comments! ❤️
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY FREE FOREX &CRYPTO SIGNALS TELEGRAM CHANNEL:
t.me/+1gFAIO4CJJw3NTU0
✅Our Channel Network:
t.me/addlist/EdGLCwGt0C01ZmU8
✅ MY INSTAGRAM :
instagram.com/marketanalaysis
t.me/+1gFAIO4CJJw3NTU0
✅Our Channel Network:
t.me/addlist/EdGLCwGt0C01ZmU8
✅ MY INSTAGRAM :
instagram.com/marketanalaysis
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.