Bitcoin: Trend Precognition Signals Support Test

Bitcoin has slipped beneath the cluster of 2024 Timescapes that anchored support around the 200 WMA on the daily chart, with the Trend Precognition signal from @MI_Algos gaining strength and now assigning a 36% probability of further downside from current levels.

Price action respects the upper boundary of a bearish pennant while RSI attempts to hold above 50, setting up the critical test at the 21 DMA; a break there targets the Q3 Open Timescape level just above the local low. On the 4h chart BTC trades at $62235.73 beneath both EMA50 at $63186.13 and EMA200 at $63822.27, with MACD at -171.19 confirming the death cross and price pressing the lower Bollinger Band at $62469.49; this confluence of daily structure breakdown and 4h momentum loss points to a swift retest of that Q3 level before any relief bounce materializes.