**BTCUSDT**
** TF: Daily**

Bitcoin has entered a drop phase after completing the distribution phase and is forming lower highs and lows in a descending channel.

?We can still expect a reaction to the supply areas. The type of possible reaction to the channel top and the supply area could determine whether or not an upward trend begins.

The $70,000 area could also be a valid demand area in Bitcoin.
 https://ik.imagekit.io/lens/media-snapshot/496845bccdf6ba832a52712ca767450253bf586aef2dfb261d847cfc2ac38107.jpg