Bitcoin Corrects Deeper: Key Levels Indicate Ongoing Downward Trend

After hitting a peak above $110,000, Bitcoin (BTC) is now in a corrective phase, signaling weakening momentum and increasing downside risk. Over the past 10 weeks, bearish patterns and technical signals have emerged across various timeframes, prompting caution for near-term traders. This article analyzes key chart patterns and indicators that signal a potential downward trend.