BTC is down 2.66% intraday, trading near $62,565, and the 30-minute structure is not offering much comfort to bulls right now.

Price has been printing a clean series of lower highs since June 17, with each attempted recovery getting sold into before reaching the previous swing high. The MA20 and MA50 have crossed bearishly and price is now trading below both, while Bollinger Bands are expanding downward, confirming momentum is with the sellers not the buyers.

The pivot level sitting at $63,270 is the key number on this chart. Trading Central's framing is direct, downside prevails as long as that level holds as resistance. Price briefly tested it earlier today and got rejected cleanly, which is exactly the kind of confirmation bears needed to continue pressing.

RSI is sitting in the low 30s without showing any meaningful divergence yet, and MACD remains negative with the signal line still pointing lower. Neither indicator is giving early reversal signals at this point.

Immediate support sits at $61,610 followed by $61,140, the zone Trading Central identifies as the likely target if selling continues. That $955 to $1,425 projected downside range from current levels points directly into that support band.

Above current price, $64,070 and $64,540 represent the resistance levels that would need to give way before the intraday bias meaningfully shifts. Getting back above $63,270 on a sustained basis is the minimum requirement to neutralize the current bearish structure.

Until that pivot flips to support, the path of least resistance on the 30-minute timeframe remains lower.

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