BTCUSDT Rejected at Resistance

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BTCUSDT Rejected at ResistanceBitcoin / TetherUSBINANCE:BTCUSDTAlexfxclubBTCUSDT on the 1-hour timeframe is showing signs of weakness after failing to break above the 63,090 resistance level. Price attempted a recovery but was rejected from the resistance area, indicating that sellers are defending this zone. The highlighted 62,700–62,950 resistance zone remains a key supply area. As long as BTC trades below this region, the short-term bias favors a bearish continuation. A loss of the current consolidation support could trigger increased selling pressure. Key Levels Major Resistance: 63,300 – 63,550 Resistance: 62,700 – 62,950 Invalidation: Hourly close above 63,090 Target 1: 62,360 Target 2: 62,080 Trade Idea Watch for continued rejection or bearish confirmation below the resistance zone. A breakdown beneath the current consolidation may open the door toward 62,360, followed by 62,080. If buyers reclaim 63,090 with strong momentum, the bearish setup would be invalidated, and BTC could retest the major resistance zone.