BTC/USDT 4H chart Bitcoin / TetherUSBINANCE:BTCUSDTcryptodailyuk📉 1️⃣ Market Structure We see: • Descending channel/descending wedge • Lower highs • Price is currently testing the lower boundary This means: 👉 Short-term downward pressure 👉 But we are at local support ⸻ 📍 Key Levels 🟢 Resistance: • 67,100 • 69,700 • 72,400 Only a breakout of 69-70k will change the structure to bullish. ⸻ 🔴 Support: • 64,500 (current test) • 62,450 • 59,700 If 64.5k breaks strongly → we are heading towards 62.5k. ⸻ 📊 RSI (Stoch RSI) At the bottom, you can see: • RSI is exiting the oversold zone • There's an attempted rebound This suggests: 👉 A short-term relief bounce is possible but not a trend reversal. ⸻ 🔥 Scenarios 🟢 Scenario 1 – Rebound If: • We hold 64.5k • A strong green 4-hour candle appears Target: 👉 67k 👉 then 69.7k ⸻ 🔴 Scenario 2 – Breakdown If the 4-hour closes strongly below 64.5k: Target: 👉 62.4k 👉 With panic, even 59.7k