BTCUSDT Short: Descending Channel Points to Further DeclineBitcoin / TetherUSBINANCE:BTCUSDTheniitradingHello traders! Here’s my technical outlook based on the current BTCUSDT (1H) chart structure. Bitcoin previously traded inside a range after exiting a descending channel. After reaching a pivot point near the upper boundary, price reversed and entered a new descending channel, confirming bearish pressure. Currently, price is trading below the 76,500 supply zone, which acts as resistance, while moving downward toward the 75,000 demand zone. A recent breakout and rejection from the supply area highlight strong selling pressure and continuation signals. As long as BTCUSDT remains below the 76,500 resistance and respects the descending channel, the bearish bias remains valid. A continuation to the downside could push price toward the 75,000 support (TP1). Manage your risk!