$BTC Immediate Update – 1 Hour Analysis
$BTC is still trading within a descending channel, but the price has now approached the upper resistance of the channel, where the next reaction will determine the direction.
Currently, $BTC shows short-term strength, but until a clear breakout occurs, the downtrend structure remains intact.
📈 Bullish Scenario:
If $BTC breaks above the upper channel (approximately 88.8k – 89.2k):
➡️ Confirmation of trend shift
➡️ Targets → 90.5k → 91.4k
📉 Bearish Scenario:
If $BTC gets rejected once again from the same upper trend line:
➡️ The price could revert to 86.5k – 85.8k
➡️ Breakdown below 85.8k = deep drop to 84.5k
#BTC is currently at a critically important decision level within the descending channel.
Breakout = Bullish move loading
Rejection = Another dip towards lower support
Wait for a clear reaction at the upper trend line.
