<ul data-eligibleForWebStory="true"><li>Market analyst Lark Davis has identified a bearish trading setup for Bitcoin, with price action confined within a descending channel.</li><li>Bitcoin recently bounced off the upper resistance level of the channel, signaling potential weakening upward momentum.</li><li>The Stochastic RSI has flashed a bearish crossover, indicating a possible decline in Bitcoin's price.</li><li>Despite the short-term bearish outlook, Davis notes that the broader trend for Bitcoin remains bullish, suggesting any correction may be temporary.</li></ul>

Bitcoin Faces Short-Term Pullback as Bearish Setup Emerges

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