Bitcoin Forms Lower Highs Near 78K – Downside Likely To 75.4K

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Bitcoin Forms Lower Highs Near 78K – Downside Likely To 75.4KBitcoin / TetherUSBINANCE:BTCUSDTLegionQ8Hello traders! Here is my technical outlook based on the current BTCUSDT (3H) chart structure. BTCUSDT previously moved within a descending channel, confirming bearish pressure. After reaching a bottom, price reversed and broke out of the channel, initiating a strong bullish move supported by an ascending trendline. Currently, price is trading below the 78,000 seller zone, while holding above the 76,000 buyer zone. A new descending channel has formed near resistance, and recent breakouts followed by rejection indicate increasing selling pressure. As long as BTCUSDT remains below 78,000 and respects the descending resistance line, the bearish scenario remains valid. A rejection from this area could push price toward the 75,400 support (TP1). Please share this idea with your friends and click Boost 🚀