BTCUSD has just lost the lower boundary of its H1 rising channel after maintaining a bullish structure for several sessions. The fact that price has broken out of the channel and has not yet managed to move back inside suggests that buying momentum is weakening, opening the door to a deeper short-term correction.

The key area to watch now is 64,300–64,500, where the broken lower boundary of the channel may turn into resistance. If BTCUSD rebounds but continues to face rejection there, I expect selling pressure to resume and push price toward the 63,200–63,400 support zone. Rather than chasing a short after price has already left the channel, a failed retest would provide a clearer trading structure.

Sell Watch Zone: 64,300–64,500
Confirmation: H1 fails to reclaim the broken channel boundary and continues to hold below it
Near-Term Target: 63,700–63,800
Main Target: 63,200–63,400
Invalidation: H1 closes clearly back inside the rising channel, above 64,600

The short-term structure is currently tilted in favor of sellers. If the lower boundary of the channel truly flips from support into resistance, BTCUSD will have a stronger technical basis to extend the correction toward the 63,300 area.