BTCUSDT Bearish Outlook: Rejection Could Drive Price to $62.7K

Aug 11

Hello traders! Here’s my technical outlook based on the current BTCUSDT (2H) chart structure. BTCUSDT previously traded inside a descending structure before recovering toward the 64,600 Resistance Zone. After forming a range near resistance, price faced rejection and moved lower, suggesting that sellers are regaining control. Currently, BTCUSDT is trading below the 64,600 Seller Zone while holding above the 62,700 Buyer Zone. The recent rejection and breakdown from the range suggest that bearish momentum may continue. As long as BTCUSDT remains below the 64,600 Seller Zone and respects the descending resistance line, the bearish scenario remains valid. A rejection from current levels could push price toward the 62,700 Buyer Zone (TP1). However, a breakout above 64,600 would weaken the bearish outlook. Please share this idea with your friends and click "Boost" 🚀

Aug 12

Trade active

Everything is going according to my plan at the moment. Bitcoin price is moving towards the next key support!

Aug 14

Trade closed: target reached

The analysis worked out perfectly. I'm very satisfied. We reached the target where we can already see the first reactions of buyers!