BTCUSDT Technical and Fundamentals AnalysisBitcoin / TetherUSBINANCE:BTCUSDTHichamAMMTechnical bias: BTCUSDT is neutral-to-bearish on the 30-minute chart while trading below the 63,238 resistance cluster and, more importantly, the 63,640 RP-30M breakout level. A rejection from this area and a break below 62,923 would favor a move toward 62,802–62,537, with deeper downside possible toward the marked 1DE/2DE demand zones. The technical view turns bullish only if BTC closes above 63,640 with strong volume and successfully holds that level on a retest; then 64,045 becomes the first upside target, followed by the 64,400–65,390 zone. Fundamental bias: BTCUSDT remains bearish-to-neutral because the Fed’s restrictive, higher-for-longer rate environment supports the USD/USDT side through relatively attractive yields and defensive demand, while Bitcoin still needs sustained ETF inflows and a broader risk-on move to overcome that macro headwind. The fundamental picture would improve for BTC if US inflation and labor data soften enough to reduce Fed hike expectations, Treasury yields fall, and institutional Bitcoin inflows strengthen; otherwise, rallies may remain vulnerable to selling pressure.