BTC/USDT 4H chart Bitcoin / TetherKUCOIN:BTCUSDTcryptodailyuk🔻 1. Trend – still down You have a clear descending channel: • Lower highs • Lower lows • Price is bouncing between trend lines ➡️ You are currently closer to the middle/upper part of the channel, which usually means: 👉 Higher probability of rejection than breakout ⸻ 📊 2. Key Levels 🟢 Resistance: • 76,730 – 77,300 → first resistance zone (already tested) • 78,500 → strong resistance + previous structure • Upper channel line (approx. 77,500–78,000) 👉 If this doesn't break = declines resume ⸻ 🔴 Support: • 75,600 → local support • 74,900 • 74.100 → key low 👉 breakout of 75.6 = quick decline lower ⸻ 📉 3. Price action (candles) • Large red candle (downward impulse) • Then a weak rebound (small green candles) ➡️ classic bearish continuation setup ⸻ ⚡ 4. Stochastic RSI • Going up (short-term momentum is rising) • But: 👉 is not overbought yet 👉 so there could still be a small push up ➡️ BUT: in a downtrend, this is often just a correction ⸻ 🧠 5. Scenarios ❌ Baseline scenario (more likely) • rejection at 76.7–77.3 • return to: • 75.6 • then 74.9 👉 Classic short from resistance ⸻ ✅ Bullish scenario (less likely) Condition: • Breakout of 77.3 + hold • Ideally, a 4-hour candle close above Targets: • 78.5 • Channel breakout = trend reversal