Technical analysis by DAY11 about Symbol BTC on 8/1/2025

Bitcoin is forming descending channel or falling channel in the four hours time frame . Lets gp straight into chart. In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines. The upper trendline connects the swing highs in price, while the lower trendline connects the swing lows. The price moves within the channel up and down or sideways . If the price breaks out of a trading channel to the upside, the move could indicate that the price will rally further. If the price breaks below the bottom of the channel, the dip indicates that more selling could be on the way. Usually falling channel is bearish .