📉 Bitcoin Analysis – Ascending Channel Under Pressure

Bitcoin is currently moving inside a well-defined ascending channel. I have been observing this pattern for some time, expecting a possible breakdown scenario.

Recently, the price touched the lower boundary of the channel and showed a short-term bounce with green candles. However, the upward momentum was weak, and the price faced rejection near the mid-level of the channel.

📊 Market Observation:
On the daily chart, Bitcoin formed a strong red candle before testing the support of the channel. If we continue to see more red candles, it could confirm a breakdown from this ascending structure.

📉 Indicators Insight:
The Fisher Indicator attempted a reversal but failed to gain strength

RSI has already broken its uptrend line

This indicates potential weakness in the market

⚠️ Possible Scenario:
If Bitcoin fails to move upward strongly, there is a higher chance of downward movement.

External factors like global uncertainty (geopolitical tensions) may also impact both stock and crypto markets.

👉 Conclusion:
Market is at a critical point — next move will be important.

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