BTCUSDT Outlook: Approaching Resistance ZoneBitcoin / TetherUSBINANCE:BTCUSDTmelikatrader94Hi! The 1h timeframe on BTC/USDT presents a notable confluence of technical factors as price action reaches a critical inflection point near $65,000. Key Technical Observations Ascending Trendline Violation: The long-standing ascending support trendline was broken downward earlier in the session. However, the breakout lacked strong downside volume and momentum, indicating a weak break rather than an aggressive trend reversal. Double Bottom Pattern & Target Completion: Following the trendline break, local support formed around $63,800–$63,900, creating a clear Double Bottom pattern. Price has since rallied, cleanly reaching the target area projected by the height of the pattern near $64,800. Confluence at Resistance (S&D Zone + Descending Trendline): Price action has now pushed directly into a major Supply & Demand (S&D) supply zone around $64,800–$65,200. This supply block aligns with a well-defined descending trendline acting as dynamic overhead resistance. Potential Outlook With the target of the double bottom now completed, bullish momentum appears to be tapering off right as price hits the upper supply zone and descending trendline resistance. A rejection and potential downside leg from this level remains highly plausible, targeting lower liquidity pools toward $63,800 or testing local support levels again if sellers step in with conviction. I’m excited to announce that I’m now a Brand Ambassador for AvaTrade!