BTCUSDT: Bearish Structure Holds - Focus on 65,000 Demand!
Technical breakdown of BTCUSDT (3H) based on the current chart structure. BTCUSDT has been trading within a well-defined descending channel, reflecting sustained bearish pressure and consistent seller control. Throughout this phase, price respected the channel boundaries, forming a series of lower highs and lower lows — a classic bearish continuation structure rather than impulsive capitulation. Eventually, BTC broke below the lower boundary of the descending channel, confirming a continuation of the bearish trend and accelerating downside momentum. After this breakdown, price entered a short consolidation range, suggesting temporary balance as sellers paused and buyers attempted to absorb supply.
$BTC Currently, BTCUSDT is consolidating beneath the descending supply line and below the horizontal Supply Zone near 71,000, signaling that bullish attempts remain corrective in nature. Price action shows compression between the descending supply line and the rising demand trend line, forming a tightening structure where a directional move is likely to emerge. Importantly, BTC has failed to reclaim the supply zone or break above the descending trend line with acceptance, suggesting that sellers still maintain higher-timeframe control.
My primary scenario favors bearish continuation, as long as BTCUSDT remains below the descending supply line and the 71,000 supply zone. A rejection from this area increases the probability of a continuation move toward the 65,000 Demand Zone (TP1), which serves as the main downside target and a key area where buyers may attempt another reaction. A clean breakdown and acceptance below this demand zone would expose even lower levels. However, a strong breakout and sustained acceptance above the supply line and resistance zone would invalidate the bearish scenario and signal a potential structural shift. For now, market structure and price behavior continue to favor sellers. Manage your risk!