After failing to reclaim key resistance zones, Bitcoin continues to show weakness across multiple timeframes. The market remains under pressure as buyers struggle to step in with strength, while broader sentiment and derivatives data hint at further downside risk in the short term.
Technical Analysis
By Shayan
The Daily Chart
On the daily chart, BTC remains locked inside a well-defined descending channel. The recent rejection near the channel’s higher boundary, around the $90K mark, confirms continued bearish control. The asset is now hovering around $87K, with the 200-day and 100-day moving averages acting as dynamic resistance just above $100K.
As attempts to reclaim the $96K–97K supply zone failed, the structure remains bearish unless price can break and hold above that level. For now, the next key demand zone sits at the $80K area. Meanwhile, momentum remains weak, with RSI unable to push above 50, making more downside likely in the short term.
The 4-Hour Chart
The 4H chart sh
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