BTCUSD: Descending Trendline Keeps Sellers in Control

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BTCUSD: Descending Trendline Keeps Sellers in ControlBitcoin / U.S. dollarBITSTAMP:BTCUSDProfitPro669BTCUSD remains under bearish pressure after rejecting a major resistance zone that previously acted as support. This area is now reinforced by a descending trendline, creating a strong confluence region where sellers continue to maintain control. The recent advance appears to be a corrective pullback rather than the start of a new bullish trend. Price has rallied into resistance and is beginning to show signs of exhaustion, suggesting that downside momentum may soon resume. As long as Bitcoin remains below the descending trendline and fails to reclaim the highlighted supply zone, the broader bearish structure remains intact. In the near term, some consolidation around current levels would not be surprising, especially with the FOMC meeting approaching. Monetary policy decisions and comments from the Federal Reserve have the potential to increase volatility across risk assets, including cryptocurrencies. A hawkish tone could strengthen the U.S. Dollar and add further pressure on Bitcoin, while a dovish surprise may provide temporary relief for buyers. From a technical perspective, a confirmed rejection from the resistance area could open the door for a move toward the next key support levels near the recent lows. However, a decisive daily close above the resistance zone and the descending trendline would invalidate the bearish outlook and suggest a shift in market sentiment. With FOMC acting as a major catalyst this week, traders should remain patient and allow price action to confirm the next directional move.