APT 4H – Descending Channel Bounce Off Lower BoundaryAPT / TetherUSBINANCE:APTUSDTBKVIPAPT on the 4H timeframe is currently trading around 0.755 after bouncing off the lower boundary of a descending channel near 0.555–0.565, with price now pressing into the 0.610–0.617 horizontal resistance zone that has been a consistent pivot throughout the structure. The chart shows a descending channel in place since early June, with the upper trendline connecting lower highs from the 0.760 area down through the mid-June high near 0.720 and the June 23 high near 0.680, while the lower trendline has caught the significant lows across the same period. Price ranged between the channel boundaries through the first half of June before breaking lower in late June, dropping sharply from the 0.680 area and pushing into the lower channel boundary near 0.555–0.565 by late June. A recovery followed, pushing price back up through the structure, but two horizontal reference levels now sit overhead — one near 0.610–0.617 which has acted as a recurring pivot across the entire visible range, and a second near 0.625–0.630 just above it. The descending upper trendline is currently sloping into the 0.640–0.650 area and continues to define the ceiling of the channel. Price is currently pressing directly into the 0.610–0.617 horizontal resistance after bouncing from the lower boundary, sitting at a level that has rejected multiple recovery attempts throughout June. Key Levels To Watch → 0.760–0.770 – June high, major resistance above → 0.700–0.720 – Prior recovery highs, upper channel resistance → 0.640–0.650 – Descending upper trendline, current overhead resistance (dynamic) → 0.625–0.630 – Horizontal resistance, secondary level → 0.610–0.617 – Horizontal pivot, current test → 0.555–0.565 – Lower channel boundary, recent bounce zone → Below 0.545 – Channel breakdown, extended downside A break above 0.610–0.617 and follow-through through 0.625–0.630 would put price back inside the mid-channel zone and set up a test of the descending upper trendline near 0.640–0.650, with a trendline break above that level opening a more significant recovery toward 0.700–0.720. A rejection at 0.610–0.617 and a return toward the lower channel boundary near 0.555–0.565 would mark a second test of that level, and a confirmed close below 0.545 would signal a full channel breakdown with no clear structure beneath to provide meaningful support. Bounce off lower boundary now testing key horizontal resistance, descending trendline above adding further compression. Break 0.610–0.617 and clear 0.625–0.630 → mid-channel open, eyes on upper trendline near 0.640–0.650. Reject here → second lower boundary test, break below 0.545 opens full breakdown. Bias neutral inside channel. Shift bullish only on confirmed break above descending upper trendline.