Technical analysis by melikatrader94 about Symbol BTC on 5/19/2025

hello guys! let's review what happened in btc and what could happen!📉 1. Blue Ascending Channel Broken:Bitcoin has decisively broken below the blue ascending channel, signaling a shift in momentum from bullish to neutral/bearish.🟥 2. Red Channel Holding as Support (For Now):Despite the drop, the red ascending channel is still intact and currently acting as support. Price is consolidating right at its lower boundary.⚠️ 3. If Red Channel Breaks – Expect Strong Downward Move:A confirmed breakdown below the red channel would likely trigger a significant bearish move, potentially pushing BTC towards the 97K - $96K support zone and possibly lower.🧭 Conclusion:We’re at a decision point. If bulls fail to hold the red channel, it could open the door to deeper correction.