BTCUSDT: Bearish Trendline Continues to Cap PriceBitcoin / TetherUSBINANCE:BTCUSDTParadise_NoirOn the 12-hour timeframe, BTCUSDT is trading around 60,334 USDT; it remains below the Ichimoku Cloud and has yet to break free from the bearish trendline extending from late May. Recent rallies have been stifled early, indicating that buyers lack the strength to reverse the market structure. The 62,560 USDT level serves as key resistance. If the price rallies to this area but faces rejection, BTC could initiate another leg down toward the 53,520 USDT zone, aligning with the chart's projected path. Entry Focus: Prioritize SELL positions around 61,800 – 62,560 if a rejection candle appears. Target: 53,520 USDT Invalidation: The bearish scenario is invalidated if BTC closes a 12-hour candle above 63,200 USDT.