Technical analysis by Miss_Golden_Pips about Symbol BTC on 15 hour ago

The chart shows a clear bearish structure with price respecting the descending channel since early October. After a sharp drop from the 124,000 region, BTCUSD formed lower highs and lower lows, confirming a downtrend. Rejection Zone: Price faced strong rejection near 111,921, aligning with previous resistance. Entry Logic: The entry around 111,025 is based on confirmation of rejection and continuation of bearish momentum. Stop Loss: Placed above 111,921 to protect against invalidation. Targets: Target 1: 109,624 (first support level) Target 2: 108,490 (continuation zone) Extended Target: 106,991 The demand zone between 106,991 and 104,991 could act as a reversal area if sellers exhaust. Until then, trend remains bearish unless a breakout above resistance occurs. Risk Management: Always size positions appropriately and monitor volatility. DISCLAIMER : THIS IS JUST FOR EDUCATIONAL PURPOSE I AM NOT A FINANCIAL ADVISOR