BTCUSD Bearish Channel: Sell the Pullback from Key ResistanceBitcoin all time history indexINDEX:BTCUSDGold_Market_MindBTCUSD Intraday Analysis (15M) Current Context Price is moving inside a descending channel (blue) → clear short-term bearish structure. Market recently formed a range (RG) and broke lower → continuation bias remains bearish. Price is now approaching a key support zone (~77,700 – 77,800). 🔍 Key Observations 1. Trend Structure Lower highs + lower lows inside the channel → sellers in control. No strong bullish break of structure yet. 2. Support Zone Reaction Current price is sitting on support. Minor bounce already started → could be a pullback, not reversal. 3. Liquidity & Setup Equal highs / resistance zone above (~78,100 – 78,200). Downside liquidity resting below ~76,700. 📊 Trade Scenarios 🟥 Bearish Continuation (Higher Probability) If price rejects 77,900 – 78,100 resistance Expect move toward: TP1: 77,000 TP2: 76,700 (major liquidity) ✔ Confluence: Descending channel resistance Previous support turned resistance Trend alignment 🟩 Bullish Counter Move (Lower Probability) If strong breakout + close above 78,200 Then potential move toward: 78,500+ ⚠️ This would require: Break of channel Strong momentum (not just wicks) ⚠️ Key Levels Resistance: 77,900 – 78,200 Support: 77,700 Major Low Target: 76,700 🧠 Summary Market is still bearish overall. Current bounce looks like a pullback into resistance, not a confirmed reversal. Best approach: sell the rally unless structure breaks.