1H BTCUSD chart for the next 3 days

Here’s what I’m seeing from your 1H BTCUSD chart for the next 3 days:

---

🔍 Technical Snapshot

• Price: ~$117,102
• Trend: Currently in a short-term downtrend inside a larger descending channel (red lines).
• Indicators:
  • Heikin Ashi candles: Predominantly red, showing strong selling pressure after a recent peak at ~$123,264.
  • OBV (On-Balance Volume): Rolling over and heading lower — confirms declining buying strength.
  • MACD: Bearish crossover and negative histogram, suggesting momentum favors sellers.
  • Linear Regression Lines: Price is below midline, moving toward lower green trend support.

---

📉 Support & Resistance Levels

• Immediate Resistance: $118,760 – $119,800 (previous consolidation zone)
• Immediate Support: $116,850 – $115,900
• Major Support Zone: $113,450 – $114,200 (bottom green trend line)

---

🧭 3-Day Forecast

1. Bearish Bias for Next 24h
   • Momentum + volume indicators show weakness.
   • Potential drop toward $115,900–$116,200 before finding short-term relief.
2. Possible Consolidation (Day 2)
   • If support at $115,900 holds, expect sideways movement between $116,000–$118,000.
3. Breakout or Breakdown (Day 3)
   • Bull case: Break above $118,800 could push to $120,500–$121,200.
   • Bear case: Break below $115,900 could accelerate toward $113,500.

---

📌 Probability Estimate

• 🔽 Pullback to $115,900–$116,200: ~55%
• 🔁 Sideways consolidation: ~30%
• 🔼 Upside breakout above $118,800: ~15%

---