BTC/USD Bearish Descending Triangle Signals Potential Drop Bitcoin / USDBINANCE:BTCUSDTrade_ActionBTC/USD is trading around 63,644, consolidating after a sharp bearish breakdown. Price has formed a descending triangle, with lower highs pressing against a rising support trendline. The recent strong bearish candle broke below key structure, suggesting sellers remain in control despite the current rebound. Technical Analysis Trend: Bearish Pattern: Descending Triangle (bearish continuation) Ichimoku Cloud: Price is trading below the cloud, indicating the medium-term trend remains bearish. The cloud ahead also acts as dynamic resistance. Resistance Zone: 64,000 – 64,500 This area aligns with the descending trendline and Ichimoku resistance. A rejection here would strengthen the bearish outlook. Immediate Support: 63,200 Loss of this level increases downside momentum. Bearish Scenario If BTC fails to reclaim 64,000–64,500 and closes below 63,200, sellers could target: Target 1: 62,000 Target 2: 60,500 These targets match the projected move shown on the chart and represent the next major support zones. Bullish Invalidation The bearish setup would weaken if price: Breaks above the descending trendline. Closes above 64,500 with strong buying volume. Reclaims the Ichimoku cloud, signaling a potential trend reversal. Trading Idea Bias: Bearish Entry: On rejection from 64,000–64,500 or a confirmed break below 63,200 Targets: 62,000 → 60,500 Stop Loss: Above 64,600 or above the descending trendline, depending on risk management. Conclusion: The overall technical structure favors further downside as long as BTC remains below the descending resistance and the Ichimoku cloud. A confirmed breakdown below support could accelerate selling pressure toward 62,000 and potentially 60,500.