On the 12-hour chart, BTCUSD remains below a very clear declining trendline. After a sharp drop from above 75,000, the price attempted a technical rebound but was rejected around 64,750. Currently, BTC is trading around 63,518, still below the Ichimoku zone above at 68,564, indicating that medium-term selling pressure has not yet been released.
The key point is the 64,750 level. If BTC rebounds to this area but fails to break through strongly, it is highly likely that sellers will continue to control. Below, the major support zone around 57,910 is the main target clearly shown on the chart.
Given the strong USD and weak crypto inflows, the logical scenario is that BTC will continue to follow the downtrend line, rather than reversing immediately.
Reference Strategy:
SELL: 64,000 – 64,750
SL: above 66,000
TP: 57,910
Conclusion: As long as BTCUSD remains below 64,750 and the descending trendline has not been broken, the main trend is still bearish.