BTC 4H Chart BreakdownBitcoin / US DollarCOINBASE:BTCUSDdezoempire421BTC 4H Chart Breakdown BTC continues to respect the descending channel, and every touch of the upper trendline has been met with strong selling pressure — highlighted by the red arrows. 1. Repeated Rejections at Channel High Price has tapped the top of the channel multiple times, and each time sellers stepped in aggressively. This confirms the channel is valid and the trend remains bearish. 2. EMAs Acting as Dynamic Resistance Both the 50 EMA (blue) and 200 EMA (yellow) sit above price. This alignment shows a strong bearish structure and keeps upward momentum limited. 3. Current Price Stalling Under Trendline Price is once again pressing into the upper boundary of the channel but failing to break above it. This is the same behavior seen in the last few rejections. 4. Key Levels 67,494 — local resistance 66,450 and 66,054 — downside liquidity targets 69,168 — major EMA resistance if bulls somehow push through 5. Trend Bias As long as price remains inside this descending channel and under both EMAs, the trend remains bearish. Another rejection here could send price back toward the lower channel boundary. Summary BTC is still in a well‑defined downtrend. Unless we see a clean breakout and candle close above the channel + EMAs, the structure favors continued downside.