BTC/USD – Multi-Timeframe Update | Correction Completed ? Bitcoin / US DollarCOINBASE:BTCUSDVenumPT📊 BTC/USD – Multi-Timeframe Update | Correction Completed, Bearish Continuation in Play Following the previous analyses, Bitcoin has continued to respect the broader structure and is now showing strong confluence with the initial bearish scenario. The market completed the expected corrective move and is currently reacting from a key resistance zone, aligning with the idea of a continuation to the downside. 🔎 Structure Alignment (HTF + LTF) Across timeframes, we now have a clear confluence: • Lower timeframe: ABC correction (Regular Flat) completed • Higher timeframe: Price reacting from 0.236 Fibonacci retracement (~77K) • Structure remains within a descending channel / trendline resistance The Wave C completion near the 77K resistance zone reinforces the idea that the corrective phase is likely over. 📉 Trend Context Despite short-term bullish structure during the correction, the higher timeframe remains bearish, supported by: • Series of lower highs • Rejection from key Fibonacci levels • Dynamic resistance (trendlines + channel) • Weak follow-through after the corrective rally The panel also confirms: ➡️ Correction complete → bearish trend resuming 📊 Current Scenario The market is now at a critical transition point. If the rejection holds, Bitcoin may have already started Wave 1 of a new bearish impulse, following the completed correction. 📍 Key Resistance Zone: ≈ 77,000 🎯 Primary Downside Target: ≈ 59,000 – 60,000 This area aligns with: • Major historical support • Liquidity pool below structure • HTF equilibrium zone 🛑 Invalidation Level A clean break and acceptance above 77K–78K would invalidate the bearish continuation scenario and suggest a deeper bullish expansion. ⭐ Technical Confluences • Regular Flat correction completed (HTF + LTF alignment) • Rejection at 0.236 Fibonacci level • Strong trendline + channel resistance confluence • Elliott Wave panel: Bearish continuation confirmed • Market structure still printing lower highs 💬 Conclusion Bitcoin is now showing high-probability continuation signals after completing its corrective phase. The rejection from the 77K resistance zone may mark the beginning of a new impulsive move downward. As long as price remains below resistance, the bias favors a move toward the 60K liquidity zone. 📌 This analysis is based on technical structure and does not constitute financial advice. #BTC #Bitcoin #Crypto #TradingView #ElliottWave #TechnicalAnalysis