$BTC remains under bearish pressure as it continues trading within a well-defined descending channel. The recent recovery has brought price back into the channel's upper boundary, which is acting as dynamic resistance around 64,000–64,200. Unless buyers can secure a decisive 4-hour close above this trendline, the current bounce is likely to be a relief rally rather than a trend reversal. A rejection from this area could send BTC back toward the channel support near 62,250, while a breakout above the channel would invalidate the bearish trend