BTCUSD – 4H Analysis

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BTCUSD – 4H AnalysisBitcoin/USDCAPITALCOM:BTCUSDAvo-TradesBTCUSD – 4H Analysis Bitcoin remains under strong bearish pressure after breaking multiple major and minor trendlines. The repeated rejections highlighted on the chart confirm that former support levels have now turned into resistance. The next key area to watch is the final ascending trendline near 64,261. This level could act as a temporary support zone and trigger a short-term rejection or relief bounce before the market decides its next major direction. As long as price remains below the broken resistance zones, the overall structure stays bearish. However, a reaction from the 64,261 trendline would not be surprising, as it represents the last significant trendline support on this chart. Key Level: 64,261 Bias: Bearish overall, with potential for a short-term rejection/bounce from the 64,261 trendline zone.