Bitcoin: Sellers Defend the Dominant DowntrendBitcoin / US DollarCOINBASE:BTCUSDSophie_MarenBitcoin continues to trade within a well-defined bearish structure, with price respecting the dominant descending trendline that has guided the market since the previous swing high. The latest recovery failed to alter the broader structure, resulting in another lower high and reinforcing the prevailing bearish trend. Momentum improved during the corrective advance, allowing buyers to recover part of the previous decline. However, that recovery lost strength as price approached long-term trend resistance, where selling pressure returned and pushed the market lower once again. This suggests that buyers have yet to generate the structural confirmation required for a sustained trend reversal. The primary scenario continues to favour sellers while the sequence of lower highs remains intact. A decisive break below the current support trendline would strengthen the existing bearish structure and increase the probability of another impulsive move lower. The alternative scenario requires a sustained break above the dominant descending trendline, followed by the development of higher highs and higher lows. Until that transition is confirmed, rallies are more likely to represent corrective moves within the broader downtrend rather than the beginning of a new bullish cycle. For now, the prevailing direction remains bearish. Momentum has shifted back in favour of sellers, and the next test of support is likely to determine whether the broader downtrend resumes with renewed conviction.