BTCUSDT: Selling Pressure persists, Bears Remain Control

Wait 5 sec.

BTCUSDT: Selling Pressure persists, Bears Remain ControlBitcoin / TetherUSBINANCE:BTCUSDTDomicChainaBitcoin is trading around 63,400 USDT, down approximately 378 (-0.59%) for the day, and continues to show weakness below the 64K level. The market is awaiting US PPI data today, with forecasts of +0.2% for headline PPI and +0.3% for Core PPI; figures exceeding expectations could exert further downward pressure on crypto. On the 4-hour (H4) chart, BTCUSDT is trading below the EMA34 and EMA89, while the 64,000–65,200 USDT zone has established itself as strong resistance. If the price pulls back to this area but faces rejection, I lean towards the scenario of an extended decline toward the 62,000 USDT level.