
BTCUSDT | Rising Channel Resistance Rejection, Bearish Pullback
Bitcoin has reached the upper boundary of a rising channel while simultaneously reacting from a significant resistance zone near 79,300 - 79,400. The recent rejection suggests buying momentum may be slowing after an extended move higher. Price is now testing whether the channel breakout attempt can be sustained or if a corrective move toward lower support levels will develop. The green levels highlighted on the chart represent potential downside objectives if sellers maintain control and the channel structure starts to weaken. 🎯 Bearish Targets ✅ Target 1: 78,405.81 ✅ Target 2: 78,154.18 ✅ Target 3: 77,812.23 📊 Market Structure 🔹 Strong rejection from channel resistance 🔹 Price reacting from major supply zone 🔹 Extended bullish move showing signs of exhaustion 🔹 Potential liquidity sweep above resistance before pullback ⚠️ A sustained move and acceptance above 79,400 would weaken this bearish outlook and could lead to further upside continuation. This analysis represents a possible market scenario based on current price action and technical structure. Always manage risk according to your trading plan.




