BTCUSDT: Downtrend line continues to cap recovery momentum

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BTCUSDT: Downtrend line continues to cap recovery momentumBitcoin / TetherUSBINANCE:BTCUSDTParadise_NoirBTCUSDT remains below the downtrend line, with recent recovery attempts repeatedly stalling around the 64,500 USDT level. Price action is also capped beneath the Ichimoku Cloud, indicating that buying pressure is insufficient to alter the current market structure. Fundamentally, Bitcoin remains under pressure from the Federal Reserve's cautious stance, a strong US dollar, and weakening ETF inflows. Risk-averse sentiment across financial markets is also hindering the return of capital to the crypto sector in the short term. The primary scenario sees BTCUSDT rallying to test the 64,500 USDT level but facing rejection, subsequently falling back to the 62,700 USDT support zone. A break below this level could trigger further selling pressure. Current outlook: Prioritize SELL positions if the price weakens below 64,500 USDT, with an immediate target at 62,700 USDT.