BTC/USDT: Below the Flip LevelBitcoin / TetherUSBINANCE:BTCUSDTmelikatrader94HI! The 1h chart for BTC/USDT shows clear exhaustion after a brief rally. Price managed to push above the local resistance zone, but the move lacked follow-through and quickly dropped back under the flip level (around $65,700). Following this deviation, the market has entered a descending channel and is printing lower highs and lower lows. With the flip level now acting as overhead resistance again, the path of least resistance remains downward. Key Outlook: Expect continued bearish momentum within the descending channel, targeting the confluence area where the lower channel boundary meets the long-term ascending trendline near $64,000–$64,100. A temporary bounce could occur along the way, but the overall structure favors sellers until the descending channel is broken to the upside. I’m excited to announce that I’m now a Brand Ambassador for AvaTrade!