BTCUSD is showing bearish pressure on the 30-minute chart, with price struggling to break above the descending trendline and facing resistance near the recent consolidation area. The formation of lower highs suggests sellers are still active, keeping the short-term structure tilted to the downside.
A rejection from the trendline could push price toward the Fair Value Gap (FVG), followed by a possible test of the marked support zone. If selling pressure increases and support breaks, further downside continuation may develop.
However, a strong breakout above resistance with sustained candle closes would weaken the bearish outlook. I’ll be watching for clear rejection and bearish confirmation before expecting the next move lower.
