$BTC #SaylorBTCPurchase #WhaleMovements $BTC BTC Daily / HTF

Bitcoin is still within a bearish descending channel, indicating that we are in bearish territory. If we continue to stay at this level, there is a strong possibility of a sweep below $70K, potentially reaching $67K. However, there are some positive signs, as we have seen strong rejection from dynamic support twice, along with a notable RSI deviation on the daily timeframe. This suggests a potential failure of this lower low formation, but as traders, we need further confirmation before acting on it.

✨As mentioned in my morning update, a daily close above $90K would confirm that the current rejection and RSI deviation are playing out, invalidating the descending channel scenario. This would bring us back into the previous range, where we could see relief from sellers and a shift in momentum. Until that happens, long positions should only be considered on dips, particularly near $74K, where there is strong support. Any Bullish Lower-timeframe breakout trades before a $90K close are likely to fail.

For now, it’s best to remain cautious, focus on HTF , and wait for confirmation before committing to any major moves. If Bitcoin manages to close above $90K, we can expect a reversal with buyers stepping in aggressively📈