BTCUSDT Short: Rejection From 63,800$ — Downside in FocusBitcoin / TetherUSBINANCE:BTCUSDTheniitradingHello traders! Here’s my technical outlook based on the current BTCUSDT (2H) chart structure. BTCUSDT previously recovered from a consolidation range and moved inside an ascending channel. After reaching the upper boundary, price was rejected and broke below the channel support, confirming a bearish shift. The latest retest of the 63,800 Supply Zone was rejected, keeping sellers in control. Currently, BTCUSDT is trading below the 63,800 Supply Zone while holding above the 61,600 Demand Zone and the descending supply line. As long as BTCUSDT remains below the 63,800 Supply Zone, the bearish scenario remains valid. A continuation lower could push price toward the 61,600 Demand Zone (TP1). However, a breakout above 63,800 would weaken the bearish outlook. Manage your risk!