#BITCOIN 

After yesterday’s bearish engulfing candle at descending resistance, where the bulls failled to reclaim the high base, bears have followed through with a bearish continuation candle today, reinforcing the reversal. 

Sellers maintain control, as momentum has been leaning on the bearish side since mid-January, with price consistently printing lower highs and lower lows, building a falling wedge within the high base that broke down, shaping a well-defined descending channel. 

This structure suggests that bulls are struggling to regain footing, and unless we see a decisive break above resistance levels, the trend favors continued downside as sellers remain in control for now.

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#BITCOIN