BTC # 1-hour Bitcoin/USDT chart

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BTC # 1-hour Bitcoin/USDT chart Bitcoin / TetherUSBINANCE:BTCUSDTAbdulkaleemThis 1-hour Bitcoin/USDT chart from Binance shows a recent breakdown from a rising parallel channel (highlighted in pink). Price action broke below the lower trendline and a key support zone (grey area), indicating a bearish shift. The strong red candles signify increased selling pressure. The next major support lies near 115,500 USDT (blue horizontal line), which could act as a potential bounce zone. thanking you