BTCUSDT (4H) — 5-Leg Downside Impulse đŸ’„

On the 4H chart, BTC appears to be in a five-leg downside impulse, often ending with a push into a key Fibonacci extension area, followed by a potential reaction.

📍 Key Levels

Primary focus: 261.8% Fibonacci extension zone

First area for potential stabilization & bounce (confirmation required)

Secondary extension: ~84,856

Next logical downside if 261.8% fails

đŸ”č What to Watch

Price reaction at 261.8% zone

Holding/reclaiming the zone

Break above descending trendline resistance

✅ Trendline break + zone test → bearish momentum fading

❌ If BTC stays below 261.8%, bounce scenario weakens → potential continuation toward 84,856

Current Price: 88,560.7 (-1.14%)

⚠ Not financial advice. Scenario-based idea — waiting for confirmation.

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