Bitcoin is showing a bearish breakdown from down channelBitcoin / US DollarCOINBASE:BTCUSDExpertTraderASKBTCUSD — 1H Technical Analysis Bitcoin is showing a potential bearish breakdown from the ascending channel, with price now approaching a critical structural support zone around 64,800. The key level to monitor is 64,200. A decisive breakdown and confirmation below this level could trigger further downside momentum and validate the bearish continuation setup. Potential Entry: Below 64,200 following confirmed breakdown Technical Targets: 1. 63,900 2. 63,300 3. 62,400 Timeframe: 1H Market Bias: Bearish The setup remains conditional on confirmation. A sustained recovery above the breakdown structure would weaken the bearish thesis, so patience and proper risk management remain essential.