BITCOIN - Bear Flag Retest - Is another leg down coming?Bitcoin / TetherUSBINANCE:BTCUSDTaloo2kBTCUSDT - Bear Flag Retest – Is Another Leg Down Coming? 🐻📉 Hello Traders, It's been a while since my last upload. After 4 years, now graduated, accumulated more wealth with the markets and work. Now, I'm back to business, wiser and experienced in the financial markets. Let's start with an update with Bitcoin. Bitcoin is currently printing a textbook bear flag structure on the daily timeframe and price action is now approaching a critical decision zone. After the sharp impulsive drop from the highs (~60 to 75K region), BTC entered a consolidation phase, forming an upward-sloping channel, a classic bear flag behavior. This structure typically signals continuation unless invalidated by strong bullish momentum. 🔍 Key Technical Observations - The initial drop forms the “flagpole” - The current consolidation is the “flag” - Rejection near 0.382 (≈69.8K) suggests weak bullish follow-through - The 0.65–0.618 zone is acting as short-term support, but repeated tests weaken it ⚠️ Bearish Scenario (Higher Probability Setup) If BTC breaks below the flag support, we could see: - A move toward the 0.65–0.618 zone (~65–66K) - Or even worse, a move toward 0.786 (~63.4K) - Potential continuation toward the 60K psychological level - Measured move target (flagpole projection) even lower 🟢 Bullish Invalidation Bulls need to: - Reclaim ~70K–72K zone - Break above the flag resistance with strong volume Without that, this remains a bearish continuation setup. --- This analysis is for informational and educational purposes only and does not constitute financial advice. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.