BITCOIN IS STILL 60% Below $126K WHAT NEXT ?Bitcoin / TetherUSBINANCE:BTCUSDTcoinpediamarketsBTCUSDT Analysis (1H) 📉 Bitcoin continues to respect a clear bearish market structure, with price printing lower highs and lower lows across the visible chart. The recent recovery attempt failed to reclaim key resistance, and sellers remain in control for now. Looking at the chart, BTC completed a bounce from the $60.7K-$61K demand area but struggled to sustain momentum above the Fibonacci resistance cluster. Price is now consolidating around $61.4K, showing hesitation after a sharp rejection. The most important takeaway here is simple: The trend is down until proven otherwise. Key Resistance Zones 🎯 🔴 Minor Resistance:$62,258 - $62,524 This is the first area where sellers could re-enter. A retest and rejection here would maintain the bearish structure. 🔴 Major Resistance:$64,754 - $65,273 This is the higher-timeframe supply zone. If BTC reaches this region, many traders will likely watch for distribution, liquidity grabs, and trend continuation shorts. Market Structure & Momentum The chart shows a descending trendline and repeated failures to establish higher highs. 📉 Lower highs remain intact. 📉 Recovery rallies are getting sold. 📉 Momentum remains weak below resistance. From a trading psychology perspective, many traders are trying to catch a bottom around $60K. Historically, markets often punish early bottom callers before a true trend reversal forms. Bullish Scenario 🟢 * Reclaim $62.5K resistance * Hold above the breakout level * Trigger short covering * Push toward $64.7K-$65.2K supply Bearish Scenario 🔴 * Rejection at $62.2K-$62.5K * Breakdown below $60K support * Liquidity sweep under recent lows * Acceleration toward lower demand zones Recent Bitcoin Developments (Last 24 Hours) Bitcoin remains under pressure as institutional demand weakens. Spot Bitcoin ETFs have continued experiencing significant outflows, while geopolitical tensions and macro uncertainty have weighed on risk assets. Several reports show ETF withdrawals remain a major headwind, although some analysts note the pace of outflows has recently started to slow. () At the same time, capital rotation into AI-related investments and major IPO opportunities has reduced speculative demand for crypto markets. () Outlook 👀 Bitcoin is still roughly 50% below its 2025 all-time high near $126K, but the short-term chart remains bearish. As long as BTC stays below **$62.5K**, rallies look more like selling opportunities than trend reversals. Will $60K hold again, or is Bitcoin preparing for another liquidity sweep before the next major move? 🤔