$BTC USDT Faces Heavy Selling Pressure as Bears Control the Short-Term Trend
@BTC USDT is experiencing a sharp corrective phase, with price trading near 64,650 after a steep intraday decline of over 11%. The broader structure on the 1-hour chart confirms a strong bearish trend, marked by consecutive lower highs and lower lows. Price remains well below the Bollinger Bands midline around 68,200, signaling sustained downside momentum and weak bullish participation. The lower Bollinger Band near 62,600 acted as a temporary support, from which a mild technical rebound is visible, but this bounce currently lacks strong volume confirmation.
Momentum indicators continue to reflect bearish dominance. RSI (6) is hovering near 35, slightly recovering from oversold territory but still below the neutral 50 level, suggesting that any upside move may remain corrective rather than trend-reversing. The failure to reclaim key resistance levels between 66,500 and 68,000 keeps sellers in control, while short-term moving averages are sloping downward, reinforcing negative sentiment.
On the downside, the recent low near 62,233 is a critical support zone. A decisive breakdown below this level could open the door toward the psychological 60,000 region. Conversely, if buyers manage to defend current levels and push price above the Bollinger mid-band, a short-term relief rally toward 70,000 cannot be ruled out. Overall, market structure, volatility expansion, and momentum favor caution, with BTCUSDT remaining vulnerable to further downside unless strong buying interest emerges.
