The Bitcoin $BTC 1-hour chart shows Bitcoin forming a bear flag pattern following a sharp decline from the $107,000–$108,000 resistance area. This consolidation is occurring within a rising parallel channel, typically a bearish continuation pattern. The price is currently hovering near the lower boundary of the channel. If BTC breaks below this support, it could confirm the bear flag and signal further downside, potentially targeting the $103,000–$102,000 demand zone. Until a breakout occurs, the structure remains vulnerable to bearish continuation.