BTC: Bearish Continuation Setup After Major Channel Breakdown

[ed]

Hi!

Price broke hard below the long-term ascending channel, confirming a clear shift from bullish to bearish momentum.
After the breakdown, BTC is moving in a small descending correction channel, creating a classic lower-high retracement toward supply.

Direction: Short
Entry Area: 87,200 – 88,300 (two stacked red zones)
Stop-Loss: Above 88,700–89,000 (top of supply)
Target: 83,000 – 84,800 (large green demand area)

[Nahid Hossen]

BTC losing the channel support puts more pressure on the bulls — trend still weak.