$BTC 🚨 BTC Quick Update – Follow-Up From Yesterday
Yesterday we mentioned that BTC was still inside a descending channel and warned that a rejection from the upper trendline could push the price down again.
Today, BTC has dumped exactly from that zone and touched the channel support.
📌 Current Situation
BTC is holding around 86k support zone (channel bottom) Downtrend structure is still intact Buyers are trying to defend this support
📉 Bearish Continuation
If BTC breaks below 85.8k – 86k: ➡️ Further downside likely ➡️ Targets → 84.8k → 83.5k
Reason: Breaking the channel bottom = trend continuation, more selling pressure.
📈 Bounce Scenario
If BTC respects the lower channel support again: ➡️ Short-term bounce possible ➡️ Targets → 88k → 89.2k
Price is moving inside a falling channel and is currently at a strong support zone (1.45–1.55). Selling pressure is weakening, showing signs of possible reversal.
📈 Next Move: A break and hold above channel resistance can trigger a bullish move. 🎯 Targets: 1.75 → 2.10 → 2.50 🛑 Stop Loss: Below 1.40 ➡️ Bias: Bullish on breakout, patience recommended.