Bitcoin Analysis – Bear Flag Formation 📉
$BTC is currently showing signs of weakness after forming another bear flag on the daily timeframe. Following the sharp drop, price is consolidating within an upward-sloping channel — a typical continuation structure in a downtrend.
The key level to watch is $66,000. A strong daily close below this support could confirm the breakdown and open the door for further downside movement.
If bearish momentum continues, the market may explore lower liquidity zones in the coming days.
Stay cautious and manage risk accordingly.