Bearish Descending Channel with Continuation Setup
This is a BTC/USD 1-hour chart showing a clear downtrend inside a descending channel. Price has been making lower highs and lower lows, respecting the channel boundaries. The Ichimoku Cloud is mostly above price, acting as dynamic resistance, which confirms bearish momentum. A BOS (Break of Structure) is marked, indicating continuation of the bearish move after a pullback into resistance. Price is currently trading near the lower half of the channel, suggesting selling pressure remains strong, with a projected downside target around the lower support zone (near 64k) if the trend continues.