BTC 4H – Rising Channel Pullback Into Lower TrendlineBitcoin / TetherUSBINANCE:BTCUSDTBKVIPBTC on the 4H timeframe is currently trading around 64,132 after reaching the upper boundary of a rising parallel channel near 66,400–66,800 on July 21 and pulling back sharply, with price now pressing into the lower channel boundary near 63,000–63,300 and the 64,000–64,200 horizontal pivot that has been a recurring reference throughout the structure. The chart shows a rising parallel channel originating from the early July low near 59,780, with the lower trendline connecting the July 2 bottom through the July 6 low near 61,000, the July 13 low near 61,800, and the July 17 low near 62,500, while the upper trendline has capped the July 7 high near 63,700, the July 15 high near 65,200, and the July 21 high near 66,400–66,800. Price has made three clean oscillations inside the channel, with each low higher than the prior one confirming the ascending structure. A horizontal level near 64,200–64,500 has acted as a consistent pivot through the mid-to-upper portion of the channel and has been crossed multiple times. The current sharp pullback from the July 21 high has pushed price through that horizontal level and is now approaching the lower channel boundary near 63,000–63,300, which represents the fourth test of the rising lower trendline. The pullback from the upper boundary has been the sharpest of the three seen inside this channel, bringing price directly toward the lower trendline without the gradual consolidation seen in prior pullbacks, which is worth monitoring as the trendline is approached. Key Levels To Watch → 66,400–66,800 – Upper channel boundary, resistance (dynamic) → 65,800–66,000 – Prior resistance zone inside channel → 65,200–65,400 – Prior recovery high, resistance → 64,200–64,500 – Horizontal pivot, broken support → 63,700–64,000 – Minor support, current price area → 63,000–63,300 – Rising lower trendline, current test (dynamic, climbing) → Below 61,800 – Channel breakdown, broader downside toward 60,000–60,300 A hold at the rising lower trendline near 63,000–63,300 and a recovery back above 64,200–64,500 would keep the channel structure intact and open a fourth push toward the upper boundary near 65,800–66,400 on continuation. A confirmed 4H close below the rising lower trendline near 63,000–63,300 would break the structure that has held every significant low since early July, exposing price to a move toward 61,800 and potentially 60,000–60,300 on a deeper breakdown. Sharpest pullback inside the channel approaching lower trendline for fourth test. Hold 63,000–63,300 and reclaim 64,200 → channel intact, eyes on 65,800–66,400. Lose trendline → channel broken, downside toward 61,800–60,000. Bias bullish inside rising channel. Shift only on confirmed close below rising lower trendline.