Hello traders! Heres my technichal outlook based on the current BTCUSD(4H0 chart structure. BTCUSD previously recovered from the 62000 Buyer Zone and advanced inside an aseceding chanal before reaching the 64,500 Seller Zone where sellers regained control. Price then rejected from the long-term descending trend line and broke below the chanel support signaling weakening bullish momentum. Currently BTCUSD is trading above the 62,000 Buyer Zone while remaining below the 64,500 Seller Zone and the desending trendline , the bearish scenario remains valid. A rejection from current levels could push price toward the 62,000 Buyer Zone (TP1).
however a breakout above 64,500 and the descending trendline would weaken the bearish outlook and favor a stronger bulish recovery.please share this idea with your freinds and click the boost"

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