🚨Bitcoin Daily Chart — Forming a Bearish Flag📉
On the daily timeframe, Bitcoin continues to form a bearish flag, typically a continuation pattern after a strong downside move.
Structure Breakdown
• Flagpole:
The sharp rejection from the recent highs initiated strong bearish momentum.
• Flag (Consolidation):
Price is moving in a tight, slightly upward/sideways channel with declining volume, which usually signals distribution rather than accumulation.
Key Support & Resistance Levels
• Immediate Resistance (Flag High):
$93,000 – $95,000
A daily close above this zone would invalidate the bearish flag and shift market structure.
• Mid Resistance:
$91,500 – $92,500
Repeated rejections from this area keep price capped and confirm sellers’ presence.
• Immediate Support (Flag Low):
$86,000 – $87,500
A daily close below this range would confirm the breakdown and continuation lower.
• Major Support (Measured Move / Demand Zone):
$82,000 – $84,000
This zone aligns with prior demand and the projected bearish flag target.
• Extreme Support:
$78,000 – $80,000
If momentum accelerates and fear expands, this becomes the next high-probability liquidity area.
Momentum & Volume Context
• RSI:
Still weak, no meaningful bullish divergence on the daily.
• Volume:
Falling during consolidation — a classic bearish flag trait. A valid breakdown should come with volume expansion.
Trading Perspective
• No anticipation, no forced trades.
• Shorts only after a daily close below $86K–$87.5K, with clear invalidation above the flag high.
• If price reclaims $93K+ with strength, step aside — bias must change.
Conclusion
As long as BTC remains below key resistance, the risk favors bearish continuation.
This is a setup, not a signal — wait for confirmation.
Levels first. Discipline always.
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