We expect continued selling pressure on Bitcoin throughout the upcoming week, with a high probability of reaching the first target level due to weakening bullish momentum and sustained bearish control.
If price manages to break and hold below the first level, this could open the way for further downside toward the second target level, especially if selling pressure persists, supported by:
Weak institutional demand
Breakdown of key liquidity zones
Ongoing bearish trend on higher timeframes
On the other hand, failure to break the first level may lead to a temporary pullback before another attempt to test the same zone.
Summary:
Base scenario: Continued decline → First target
Extended scenario: Break of first level → Move to second target
Alternative scenario: Failed breakout → Short-term pullback