BTC/USDT Update: Critical Support Test
Bitcoin is currently retesting the Support Trendline of its ascending channel (~$66,000).
The Bull Case: This zone has historically triggered a bounce (see yellow circles). Holding here keeps the uptrend toward $75k+ alive.
The Bear Case: A daily close below the trendline could lead to a quick flush toward $62,914 or even the $60,000 psychological support.
RSI: Currently at 40—approaching oversold but still has room for a bit more downside before a reversal.
Bottom Line: Make or break moment. Watch for a strong bounce or a breakdown below $64.5k.