As of October 14th, BTC is experiencing a current downtrend.

➡️ Daily: The closing of the green pin bar candle appears to be restraining the downward momentum seen in the series of preceding red candles. The horizontal support level is currently around 26,000.

➡️ H4: BTC underwent a retest around 27,1xx with significant trading volume, followed by a decline. It is currently trading around 26,8xx.

In general, based on the analysis from ptkt, BTC is in a decreasing trend and has broken the trendline across all time frames. We are still monitoring for any potential rebound towards the crucial high zone, but we anticipate selling pressure to continue in line with the prevailing trend.

➡️ If BTC's price breaches the lower support areas around 26,000 and 24,800, it could be highly detrimental for BTC. However, if BTC manages to close above 28,100, the current plan will be invalidated.

➡️ By the end of the week, it is expected that BTC will continue to move sideways, potentially resulting in minor price fluctuations (pump and dump scenarios).