BTC: Channel Resistance Holds — Another Leg Down Ahead?Bitcoin / USDBINANCE:BTCUSDibraheeemzBitcoin continues to respect the bearish channel highlighted in my previous analysis on the 4H timeframe. What's even more interesting is the internal descending trendline running through the middle of the channel, which has repeatedly acted as both support and resistance, helping define the market's short-term direction. Price has once again been rejected from the upper boundary of the channel, suggesting the bears remain in control for now. 🐻 Bearish Factors 📉 Bearish Channel Intact 🚧 Rejection from Confluence Resistance Zone The latest rejection from the channel top increases the probability of another move toward lower support. 🎯 Bearish Scenario ➡️ If sellers maintain control, the first area to watch is the internal trendline support near 61K. 🎯 Target 1: 61K (Mid-Channel Trendline Support) 🎯 Target 2: 57K–58K (Lower Boundary of the Bearish Channel) A breakdown below the trendline would significantly increase the probability of another test of channel support. 🟢 Bullish Case Despite the rejection, the bulls have achieved one important milestone. ✅ BTC has reclaimed the 4H EMA200, which now acts as dynamic support for the first time in this correction. 👀 The key question is whether buyers can defend this level and build enough momentum to challenge the descending channel once again. A successful breakout above the channel would be the first meaningful sign that the current downtrend is losing strength. ❌ Bearish Invalidation 🟢 A decisive breakout above the descending channel, supported by strong volume, would invalidate this bearish thesis and shift the short-term bias back in favor of the bulls. 💡 For now, BTC remains trapped between two key technical forces: the 4H EMA200, which is attempting to support price from below, and the descending channel, which continues to cap every rally. Whichever side breaks first is likely to dictate Bitcoin's next major move. 👀