BTCUSDT Bearish Retest – Bears Eye 62KBitcoin / TetherUSBINANCE:BTCUSDTAlexfxclubBTCUSDT remains under bearish pressure after rejecting a major resistance zone around 64.8K–65.2K. The recent impulsive decline confirms that sellers are still in control, while price is currently reacting from a short-term demand zone near 62.7K–62.9K. The current bounce appears to be a relief rally rather than a trend reversal. If buyers push price back toward the 63.5K–63.7K supply zone, that area could provide another opportunity for sellers to step in. A failure to reclaim this level would increase the probability of bearish continuation. From an SMC perspective, the market structure remains bearish with lower highs and lower lows. As long as price trades below the higher resistance zone, the path of least resistance favors the downside. Key Levels: Major Resistance: 64.8K–65.2K Intraday Supply: 63.5K–63.7K Current Demand: 62.7K–62.9K Bearish Target: 62.0K A rejection from either resistance zone could trigger another wave of selling toward the 62.0K target. However, a sustained break and close above 63.7K would weaken the immediate bearish outlook and open the door for a deeper recovery. Trade safely and always wait for confirmation before entering a position.