BTCUSD: Relief Rally Before the Next Leg Down?Bitcoin vs US DollarFXPRO:BTCUSDHSAYNIX📉 BTCUSD: Relief Rally Before the Next Leg Down? Bitcoin (BTCUSD) on the 4-hour chart is trading within a steep descending channel after topping out near the $82,000 mark in mid-May. While we are seeing a minor short-term bounce off the local lows, the broader market structure remains firmly bearish. Your path projection suggests a classic "dead cat bounce" or a corrective retest of overhead resistance before a continuation lower. 🔍 Technical Breakdown Descending Channel & Mid-Line: Price action is confined to a clean downward channel. Currently, BTC is attempting to hold around the dotted mid-line, trying to build short-term upward momentum. Overhead Resistance Confluence: The blue path projects a rally toward the $75,000 – $75,500 area (yellow rectangle). This is a critical technical confluence zone where the 50-period Simple Moving Average (SMA - blue line) and prior structural support meet. Crucial Level to Watch: The horizontal level at $74,243 stands as an immediate hurdle. A clean break above this could spark the projected relief rally toward the yellow zone. 🎯 Downside Targets & Projected Path Following your drawn blue path, the primary strategy leans toward selling the rally once it hits major resistance: The Test Zone ($75,000 - $75,500): Expect heavy selling pressure if BTC reaches this yellow block. Sellers will likely look to defend this area, using the upper boundary of the channel as structural protection. The Downward Target: If the resistance holds and a rejection occurs as projected, BTC is likely headed toward the lower support boundaries, aiming for the $72,000 psychological level and the ascending macro trendline below it. ⚠️ Risk Management Note: The bearish thesis holds as long as BTC stays trapped inside this descending channel. A strong daily close above the channel and the yellow zone ($75,500+) would invalidate this short setup and signal a broader trend reversal back toward $78,000. Do you think BTC will manage to hit the $75k mark before dropping, or will it break down earlier? Share your thoughts and setups below! 👇 Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always practice proper risk management.