Technical analysis by cryptodailyuk about Symbol BTC on 12/1/2025

🧭 1. Main Market Structure The chart shows: A broad downward channel that has been in place since the end of October. The price bounced off the upper line of the channel, made a local upward impulse (orange trend line), and then broke it, returning back towards the lower regions of the channel. ➡️ This means that the dominant trend is still downward, and upward bounces are corrections. 🧨 2. Current Chart Situation BTC has broken through: the local uptrend (orange line) fell below the 88,500–89,000 zone (green) is heading towards further support levels Currently, the price looks like a typical retest of the broken structure and a continuation of the decline. 🟩 3. Key Price Levels (S/R) Resistance (upper – green): 91,600 – 92,000 – key level, a breakout would negate the local downtrend 95,000 – 97,500 – upper range of the descending channel Support (lower – red): 85,300 – 85,800 – local support (price is currently reacting here) 83,000 – 83,100 – strong horizontal support 79,800 – strong support, historically strong in this timeframe 76,600 75,000 – lower band of a potential drop + near the lower boundary of the channel ➡️ The most logical downside targets are 83,000 and 79,800. 📉 4. Descending Channel (black) (lines) The price has rebounded from the upper range of the channel and is heading towards the lower range. The middle line of the channel has been broken down → a signal of trend continuation. The lower boundary of the channel indicates a potential low around 75,000–78,000. 🔄 5. Stoch RSI Currently oversold in the oversold zone, it is starting to curve upwards. In a downtrend, long signals are weaker, but a short-term rebound is possible. 🧭 6. Scenarios 📉 Bearish scenario (more likely) Technical rebound to 88,500 – 89,000 Rejection from this zone → continued decline Targets: 83,000 79,800 Extremes: 76,000 – 75,000 ➡️ This scenario is consistent with the trend and a rebound from the upper channel.