BTCUSDT Short: Rebound From Demand Line — Testing 64,500 Supply

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BTCUSDT Short: Rebound From Demand Line — Testing 64,500 SupplyBitcoin / TetherUSBINANCE:BTCUSDTheniitradingHello traders! Here’s my technical outlook based on the current BTCUSDT (2H) chart structure. BTCUSDT previously traded inside a descending channel before breaking above the 64,500 Supply Zone and shifting bullish. Price then faced rejection from the upper supply line and moved lower, forming another descending structure. Currently, BTCUSDT is trading above the 63,300 Demand Zone while approaching the 64,500 Supply Zone. The recent rebound from the demand line suggests that buyers are attempting to regain control. As long as BTCUSDT holds above the 63,300 Demand Zone and respects the rising demand line, the bullish scenario remains valid. A successful retest of support could push price toward the 64,500 Supply Zone (TP1). However, a breakdown below 63,300 would weaken the bullish outlook and increase the risk of further downside. Manage your risk!