Quick Recap: Yesterday’s warning played out. BTC rejected from its descending channel's top and has now fallen to test the critical lower support.
📍 Current Status
· Price: Testing ~$86,000 (Channel Support)
· Structure: Downtrend intact, but buyers are defending.
· Key Zone: $85,800 - $86,000
📉 Scenario 1: Breakdown (BEARISH)
If support breaks below $85.8K:**
▶️Confirms trend continuation.
▶️Targets: **$84,800 → $83,500
Why?Breaking channel support often accelerates selling.
📈 Scenario 2: Bounce (BULLISH)
If support holds & bounces:
▶️Short-term relief rally likely.
▶️Targets: $88,000** → **$89,200 (upper channel trendline)
🎯 The Bottom Line
The battle at $86K is decisive. The next major move depends on whether this support cracks or holds.
Watch the level. Manage your risk.
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