BTC Bearish Continuation, Watching 95,000 for BreakdownBitcoin on the 1D chart remains locked in a clear bearish structure since the early-October peak near 125,000. Price is printing consistent lower highs and lower lows, now hovering around the 95,000 zone after a sharp sell-off. All three key moving averages (20, 60, 120) slope downward above price, with the 20-day already below the 60-day, while MACD is deeply negative and SQZMOM prints strong red bars — a classic backdrop for trend continuation, not reversal.
For now, 95,000 is the key demand zone. A decisive daily close below 94,000 would confirm fresh downside, opening the path toward 90,000 first and then the next bearish magnet around 88,000, with 85,000 as an extended target if momentum accelerates. In this view, any bounce into 102,000–108,000 is considered a potential selling opportunity while price stays below the early-November lower high, with 97,000–102,000 acting as a practical risk zone for invalidating short-term breakdown attempts.
The bullish alternative only gains traction if buyers can force a daily close back above 105,500, reclaiming the 20-day MA and squeezing shorts. That would put 112,500 and the 111,000–113,000 moving-average cluster back in play, with a larger shift in structure only confirmed if price eventually reclaims the prior lower high and then 115,000. Until then, the path of least resistance remains lower.
Thought of the Day 💡
Strong trends often punish counter-trend trades more than they reward bravery. Trade with the dominant flow, not against it.
This is a study, not financial advice. Manage risk and invalidations
