BTCUSDT – Retest Before Another Drop?

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BTCUSDT – Retest Before Another Drop?Bitcoin / TetherUSBINANCE:BTCUSDTDamonEdgeFrom a short-term technical perspective, BTCUSDT is still moving inside a clear descending channel, and the current bounce hasn’t done enough to suggest a real reversal yet. What I’m watching now is the support area BTC recently lost. Price is working its way back toward that zone, and rather than chasing a SELL at lower prices, I’d rather wait and see how the market reacts there. If buyers fail to reclaim it, this bounce could simply become a retest before sellers step in again. In that case, 76,500 is the next level I’m watching. As long as BTC remains below the resistance above and stays inside the descending channel, the short-term advantage still favors sellers.