BTCUSDT: Bearish Dominates Price ActionBitcoin / TetherUSBINANCE:BTCUSDTDomicChainaBTCUSDT is trading around 77,340 USDT, continuing to move within a descending channel on the H1 timeframe. Recent pullbacks have consistently formed lower highs, while the price remains below the EMA89 (near 77,750), indicating that buying pressure is insufficient to alter the short-term structure. The 77,700–78,200 zone currently serves as key resistance, coinciding with the upper boundary of the descending channel. If BTC rallies to this area but faces rejection, I lean towards a scenario where the price drops back to 76,500, followed by an extension toward the 75,400–75,600 USDT target zone. The market is awaiting a series of US data releases today, so volatility could spike as the New York session begins. The bearish scenario would be invalidated if BTC breaks out of the channel and holds firmly above the 78,200–78,500 level.