Technical analysis by AIRFOREXONE about Symbol BTC on 6/2/2025

The BTCUSD 4-hour chart shows a clear break in market structure, transitioning from a strong bullish trend to a bearish corrective phase. Price had been respecting an ascending trendline for several weeks, supported by consistent higher highs and higher lows. However, the recent break below this trendline signifies a potential reversal or at least a deeper correction.After the trendline break, price may retrace into the $108,000 level, which aligns with a newly formed supply zone. This area may provide strong resistance, leading to renewed selling pressure and a continuation of the downward movement.The projected path indicates further downside potential toward the $94,000–$98,000 support zone, a previous consolidation and breakout area that may now serve as a demand zone. This zone is expected to attract buyers and potentially lead to a bullish reaction.Conclusion:BTC is currently in a corrective phase following a sustained bullish trend. Traders should watch for bullish signs at the $96K–$98K zone or further breakdowns if that level fails. A reclaim of $110K would invalidate the current bearish outlook.Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.___________________________________Thanks for your support!If you found this idea helpful, drop a like 🚀 and leave a comment, I’d love to hear your thoughts!