BTCUSDT Retests Major Buyer Zone – Can Bulls Recover?

Hello traders! Here’s my technical outlook based on the current BTCUSDT (1H) chart structure. BTCUSDT previously traded inside a consolidation range before breaking below support and extending its bearish move. After reaching a local bottom, price reversed higher and formed a broad ascending channel, confirming a recovery phase. However, buyers lost momentum near the upper boundary, leading to a fresh breakdown. Currently, BTCUSDT is trading near the 61,800 Buyer Zone while remaining below the 66,000 Seller Zone. The recent break below channel support accelerated selling pressure and pushed price back toward a major support area. As long as BTCUSDT remains above the 61,800 Buyer Zone, a short-term recovery scenario remains valid. A bounce from current levels could drive price toward the 66,000 Resistance Zone (TP1). Please share this idea with your friends and click “Boost” 🚀