Bitcoin is showing renewed bearish momentum after completing an ABC corrective rebound, suggesting the market may now be entering a larger impulsive decline. While short-term recovery attempts remain possible, the broader structure still points toward continued downside pressure.
Bitcoin is currently falling impulsively after the recent ABC corrective recovery, which suggests traders should now be aware of bearish price action developing into at least a three-wave A/1-B/2-C/3 decline. The market structure indicates that downside momentum is strengthening again after the corrective bounce failed to establish a sustained reversal.
However, since price may also be finishing wave (5) within wave A/1, traders should watch for a possible corrective recovery in wave B/2 near the lower channel support line. If that scenario unfolds, Bitcoin could retrace back toward the 78k resistance region before continuing lower again within wave C or wave 3.
At the same time, it is important to keep in mind that there is still an open CME gap in the 84k–85k area. That unfilled gap could later become a target if the market develops only a three-wave ABC correction, potentially as part of a larger flat or complex corrective structure.
Highlights
- Bearish momentum resumes after ABC corrective rebound
- Minimum expected structure points to A/1-B/2-C/3 decline
- Corrective recovery possible near channel support
- 78k area remains important resistance on rebounds
- Open CME gap near 84k–85k could still be filled later
- Broader downside trend may not be completed yet
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