BTCUSD: Bullish Momentum Weakens After Losing the Rising ChannelBitcoinCRYPTO:BTCUSDLiam_BrooksAfter being rejected at the 66,500 resistance area, BTCUSD has broken below the short-term rising channel and is gradually losing bullish momentum. The failure to maintain this structure suggests that sellers are starting to gain control. Currently, the 62,000 zone is a key support area as it aligns with the long-term ascending trendline. If the price continues to correct toward this zone and shows buying reaction, BTC could form a technical rebound. However, before that happens, downside risks remain the preferred scenario. Trading Focus: Sell positions are favored as long as BTCUSD continues trading below the broken rising channel. Target: 62,000. Invalidation Scenario: The bearish scenario will be invalidated if BTCUSD regains the rising channel and closes above the nearby resistance zone, which could allow bullish momentum to return.