BTCUSD | Macro Trend Still Under PressureBTCUSDTPERP PERPETUAL MIX CONTRACTBITGET:BTCUSDT.Pledora037Bitcoin continues to trade below the long-term descending trendline that has capped price since the cycle high near $124k. After failing to reclaim the $71.6k resistance zone, BTC broke back below the trendline and is now consolidating above the major support area around $60k. This region will likely determine the direction of the next major move. 📊 Key Levels 🔹 Resistance: $71.6k → $82k → $96.9k 🔹 Support: $59.8k 🔹 Market Structure: Bearish below the descending trendline 🌎 Fundamental Outlook >Market participants are closely watching U.S. Federal Reserve policy and inflation data, as macro conditions continue to influence risk assets. > Spot Bitcoin ETF flows remain an important driver of sentiment. Recent weeks have seen mixed flows, with investors waiting for stronger catalysts before committing to a new trend. > Institutional adoption remains intact, but capital inflows have slowed compared with previous periods, leading to a more cautious environment. >Geopolitical uncertainty and broader market conditions continue to affect liquidity and investor risk appetite. ⚡ Technical Conclusion As long as BTC remains below the descending trendline, the broader structure favors the bears. A successful reclaim of $71.6k could shift momentum toward $82k and higher, while a decisive break below $59.8k would increase the probability of a deeper correction. Patience is key. The next major trend is likely to emerge from this compression zone.