BTCUSDT: Bearish Breakdown, Sellers Continue!

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BTCUSDT: Bearish Breakdown, Sellers Continue!Bitcoin / TetherUSBINANCE:BTCUSDTDomicChainaBitcoin is currently trading around 63,850 USDT; the spot price has dropped approximately 174 USD (-0.27%) from the previous session, having touched a low of 63,204 USD earlier today. Macroeconomic factors favor a bearish scenario as the market cautiously awaits tonight's US CPI data, while the DXY has edged up to around 99.86. Reuters has also noted that Bitcoin and Ethereum are trading sideways ahead of this critical inflation data. On the 2-hour (H2) chart, BTCUSDT has broken below the rising channel and is trading beneath the EMA34 and EMA89. The 64,000–64,500 USDT range has now become a notable "sell zone." If the price rebounds but fails to reclaim this area, I lean towards the likelihood that selling pressure will continue to drag BTC down to 62,600 USDT.