BTCUSD M30 TIME FRAME ANALYSIS

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BTCUSD M30 TIME FRAME ANALYSIS Bitcoin / TetherUSBINANCE:BTCUSDTXAU_Expert1Bitcoin recently broke out of a descending channel and attempted a bullish push toward the $64,580–$64,840 resistance zone. However, price action shows strong rejection at this key level, with a bearish retest forming on the 30-minute timeframe. ​As long as price stays below the $64,580 resistance, the bias remains bearish. If sellers maintain control, we could see a drop toward the primary target around $62,450–$62,500. ​Resistance / Invalidation: $64,580–$64,850 ​Bearish Target: $62,450 ​A clear breakout and candle close above $64,850 would invalidate this bearish setup and suggest further upside potential. ​Watching for strong price action and confirmation before entering. ​What’s your perspective — short setup toward $62.4k or back above $65k? 👇 This analysis is for educational purposes only and not financial advice. Always manage your risk appropriately.