BTCUSDT: Near Channel Resistance – Watching for a Bearish ReversBitcoin / TetherUSBINANCE:BTCUSDTRatnerHello everyone, here is my breakdown of the current BTCUSDT setup. Market Analysis BTCUSDT previously traded inside a strong ascending channel before reversing lower and breaking into a well-defined descending channel, confirming a shift in market structure. Several breakdowns below former support levels strengthened bearish momentum, while each recovery attempt was rejected near channel resistance. Currently, BTCUSDT is trading above the 58,600 Support Zone while remaining below the 61,000 Resistance Zone. Price recently rebounded from support after a false breakdown, but it continues to trade beneath the descending channel and below former support, now acting as resistance. This suggests that sellers still have the upper hand. My Scenario & Strategy As long as BTCUSDT remains below the 61,000 Resistance Zone and continues to respect the descending channel structure, the bearish scenario remains valid. A rejection from current levels could push price back toward the 58,600 Support Zone (TP1). However, if BTCUSDT breaks above the resistance zone and exits the descending channel, the bearish outlook would weaken and a stronger recovery could develop. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.