On the 4H chart, price is currently testing a key ascending trendline after several valid touches in previous swings. The recent structure shows weakening bullish momentum, and if this trendline breaks decisively, Bitcoin may enter a deeper corrective phase.
At the moment, two main scenarios are likely:
Scenario 1
A clear breakdown of the trendline leads to a direct continuation of the bearish move toward the major support zone around 84,600. This level has acted as an important demand area in the past and remains the primary downside target.
Scenario 2
Price may first push higher, forming a corrective move or retest toward the broken trendline. If this area confirms as resistance, a rejection from that point could trigger the next leg down, with 84,600 still being the main target for the correction.
As long as price fails to reclaim and hold above the trendline, the overall bias remains bearish and the probability of a move toward 84,600 stays elevated.
