The increase in negative news over the past two days, especially Bitcoin’s breakout of a new six-month low, coupled with a wave of whale selling, has strongly reinforced the current bearish trend, with clear weakness in the technical structure of the H4 framework.

Looking at the chart, BTC remains trapped within the descending purple channel, failing to retest the overhead resistance area multiple times. The 34 EMA and 89 EMA are also above the price, creating a “pressure ceiling” that prevents any rebound from turning into a true increase.

The Relative Strength Index (RSI) is also moving in bearish territory (34-33), reflecting the fragility of demand and the market’s ability to fall further as selling pressure builds.

The current situation suggests that there is the possibility of a slight increase to the $89,100 area (just a technical bounce) before Bitcoin resumes its decline towards the $82,000 level, which is an important support area in line with the lower border of the descending channel.

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