Hello everyone, here is my breakdown of the current BTCUSDT setup.

Market Analysis

BTCUSDT has been trading within a well-defined bearish environment, moving inside a descending channel where price consistently formed lower highs and lower lows. This structure reflected controlled selling pressure rather than panic liquidation, confirming that sellers remained firmly in control of the trend. The decline eventually led to a breakout below a key horizontal level, after which price accelerated downward into the Support Zone near 66,000. From this area, buyers reacted and triggered a rebound, but the recovery has so far been corrective rather than impulsive.

Currently, following the bounce, BTC entered a contracting triangle structure, bounded by a rising support line and a descending resistance line. This pattern reflects volatility compression and temporary balance between buyers and sellers. Importantly, price is currently trading below the horizontal Resistance Zone near 70,200 while respecting the triangle resistance, suggesting that bullish attempts remain limited. Overall, the structure still favors sellers, with the triangle appearing more like a continuation pattern within a broader downtrend rather than a reversal formation.

My Scenario & Strategy

My primary scenario favors bearish continuation as long as BTCUSDT remains below the 70,200 Resistance Zone and continues to respect the descending triangle resistance line. The current consolidation appears to be distribution, indicating that sellers may regain control once price breaks lower from the structure. A confirmed breakdown from the triangle would likely push BTC toward the 66,000 Support Zone (TP1), which aligns with prior reaction lows and liquidity pools. This level represents the first logical downside objective where price could pause or consolidate.

However, if BTC manages to break above the triangle resistance and reclaim the 70,200 level with strong acceptance, this would weaken the bearish outlook and suggest a broader recovery phase or range expansion to the upside. For now, trend structure, resistance positioning, and price compression continue to favor sellers while the market remains below key resistance.

That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.