BTCUSD 1H: Bearish Channel Holds Below $63.30K ResistanceBitcoin / US DollarCOINBASE:BTCUSDJulien_ExeBTCUSD remains inside a statistically selected descending channel on the 1-hour chart. INDICATOR CONFLUENCE - Adaptive Market Profile automatically selects the most linear trend window using Pearson correlation. With auto-selection enabled, a 2.0 deviation multiplier, logarithmic calculation and a distributed-volume profile, the active channel continues to slope lower. - S/R Ultimate is using pivot-based levels with 25 left bars, 10 right bars, 3 quick right bars and Close as its source. Its current map highlights a stacked resistance cluster at $63.05K-$63.30K and major supply at $65.10K-$65.25K. BEARISH SCENARIO As long as 1H closes remain below $63.30K, the base case is continued pressure toward $62.50K. A clean loss of that support could expose the lower adaptive channel near $62.00K. BULLISH INVALIDATION A sustained 1H close above $63.30K would weaken the immediate bearish setup. A stronger structural reversal would require reclaiming $65.10K-$65.25K. KEY LEVELS - Resistance cluster: $63.05K-$63.30K - Major supply: $65.10K-$65.25K - First support: $62.50K - Bearish extension: approximately $62.00K