BTC/USDT 1H Chart Review

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BTC/USDT 1H Chart ReviewBitcoin / TetherUSBINANCE:BTCUSDTcryptodailyukπŸ“Š BTCUSDT – 1H (Binance) – Technical Analysis I see a classic downtrend structure in a descending channel, with a bounce from the lower band and a fight for the middle zone. πŸ”» 1. Market Structure Price is moving in a descending channel. Recent low around 62.3k. Currently bouncing to around 66.4k. Still: lower highs + lower lows. Until it breaks the upper channel line β†’ the structure is bearish. 🟒 Key Resistance Levels 67,715 – strong local supply zone 70,037 – next horizontal resistance 72,445 – upper range zone First real signal of a change in sentiment: H1 close above 67.7k and holding. πŸ”΄ Key Supports 64,127 62,392 59,953 – lower band of the channel If the price returns below 64k β†’ a high chance of a retest of 62k. πŸ“ˆ Indicators Stoch RSI Currently high (overbought zone) A correction is possible in the short term MACD Just giving a bullish impulse Histogram turns green Momentum is increasing ➑️ Short-term: upward momentum ➑️ Structural: still in a downtrend 🎯 Scenarios πŸ”΅ Scenario 1 (more likely in the short term) Retest of 67.7k β†’ rejection β†’ return to the 64k area. 🟒 Scenario 2 (change in sentiment) Breakout of 67.7k + close above the channel line β†’ move to 70k. πŸ”΄ Scenario 3 (bearish continuation) Descent below 64k β†’ quick move to 62k β†’ possibly 60k.