BTCUSD is trading under a strong descending trendline, maintaining a bearish market structure with consistent lower highs. Price rejection from dynamic resistance signals seller dominance, while current consolidation suggests preparation for another downside leg.
A breakdown below the recent support area is expected to drive price toward the highlighted demand zone.
**🎯 Target:**
* Primary Target: **$63,500**
* Secondary Target: **$63,000 Demand Zone**
**⚠️ Invalidation:**
A sustained breakout above the descending resistance trendline would invalidate the bearish continuation setup.
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telegram channel link
t.me/+OO7phZHO6g1mN2Y0
join to get daily basis 2-3 free signal for educational purpose
t.me/+OO7phZHO6g1mN2Y0
get information about Gold, BTC and forex market
t.me/+OO7phZHO6g1mN2Y0
t.me/+OO7phZHO6g1mN2Y0
join to get daily basis 2-3 free signal for educational purpose
t.me/+OO7phZHO6g1mN2Y0
get information about Gold, BTC and forex market
t.me/+OO7phZHO6g1mN2Y0
Related publications
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.