BTCUSDT remains under pressure after failing to break above the descending trendline, keeping the short-term market structure bearish. Price has bounced from the recent low, but the recovery is now approaching a confluence of resistance formed by the descending trendline and the 63,600–63,900 supply zone.

Unless buyers can reclaim this resistance area with strong momentum, the current rebound is likely to be a corrective move within the broader downtrend. A rejection from the trendline could trigger another leg lower toward the 62,850 intraday support.

The key confirmation for sellers is a decisive hourly close below 62,850. Such a breakdown would expose the 62,400 major support, with further downside possible if bearish momentum accelerates. Conversely, a sustained breakout above the descending trendline and 63,900 would invalidate the bearish outlook and shift the bias toward 64,200–64,900.

Key Levels

Immediate Resistance: 63,600–63,700
Major Resistance: 63,900–64,900
Intraday Support: 62,850
Major Support: 62,400
Bias: Bearish below the descending trendline
Invalidation: Hourly close above 63,900 with strong bullish confirmation