BTCUSDTBitcoin / USDTMEXC:BTCUSDTHAMED_AZHello Traders! 👋 What are your thoughts on Bitcoin ? Bitcoin continues to trade within a well-defined descending channel, with the overall technical structure still favoring sellers. Price has now reached the lower boundary of the descending channel, which coincides with the important support zone that has been holding over recent weeks, around $75,000. This technical confluence increases the significance of the current area and raises the possibility of a temporary bullish correction. As long as this support zone holds, price is expected to consolidate and potentially initiate a corrective recovery toward the upper boundary of the descending channel, targeting the $81,000–$82,000 resistance zone. This area is particularly significant, as it brings together horizontal resistance, the 0.5 Fibonacci retracement level, and the upper boundary of the descending channel. Price is expected to face rejection from this resistance zone, potentially triggering a new bearish wave. Subsequently, with selling pressure continuing, a breakdown of the $75,000 support zone is anticipated. A confirmed breakdown and sustained price action below this support would bring the downside targets highlighted on the chart into focus. As long as Bitcoin remains within the descending channel, the dominant technical outlook remains bearish. However, the price reaction around the $75,000 support and its potential recovery toward the $81,000–$82,000 resistance zone will be crucial in determining the next market move. On the other hand, a decisive breakout above the upper boundary of the descending channel, followed by sustained trading above the $82,000 resistance zone, could invalidate the current bearish scenario. If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️