BTCUSDTBitcoin / USDTMEXC:BTCUSDTHAMED_AZHello Traders! 👋 What are your thoughts on Bitcoin? Bitcoin is currently moving within a well-defined descending channel. After reaching the lower boundary of the channel, price reacted positively and showed a noticeable bounce. However, this move appears to be a bullish correction within a broader bearish trend, rather than a full trend reversal. Technical Outlook: • Price respected the lower channel support and initiated a rebound. • The current move is corrective in structure. • The next key resistance lies at the previously marked supply zone, which also aligns with the upper boundary of the descending channel. Expected Scenario: We anticipate that this corrective rally may extend toward the highlighted resistance area near the channel’s upper trendline. If price reaches that confluence zone and shows weakness, we expect a rejection (bearish reaction) and a continuation of the downward movement toward the channel’s lower boundary. As long as price remains inside the descending channel, the overall bias stays bearish. What’s your view? Do you expect a breakout from the channel, or another lower low? Don’t forget to like and share your thoughts in the comments! ❤️