Channel Breakdown and Retest at Resistance Zone

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Channel Breakdown and Retest at Resistance ZoneBitcoin / TetherUSBINANCE:BTCUSDTMilad_sangariBitcoin (BTCUSDT) has recently broken below its ascending parallel channel on the 1H timeframe, signaling a potential shift in short-term momentum. Key Technical Observations: Channel Breakdown: The price dropped below the lower boundary of the channel and is now performing a corrective retest. Resistance Zone: We are currently seeing a rejection at the 63 , 600 − 63,600− 63,980 area, which aligns with the Fibonacci 61.8% & 78.6% levels. Primary Scenario (Bearish): If the price fails to regain the