The daily chart of BTCUSD presents a bearish setup, supported by the recent price action and volume analysis. The price has been consolidating within a descending channel, with lower highs and lower lows, indicating a strong downtrend momentum. The recent candlestick formation, with a long lower wick and a close near the low, suggests a rejection of higher prices and a confirmation of the downtrend. The volume, although not extremely high, has been increasing on the downside, indicating a strong selling pressure. This setup suggests that the price may continue to move lower, potentially testing the support levels around 67717.16.…

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