BTCUSD Bearish Channel Holds Below $63.30K Resistance

The one-hour chart of BTCUSD is showing a bearish trend, according to Julien_Exe's analysis on TradingView. The asset remains within a descending channel selected by an adaptive market profile, which uses Pearson correlation and other technical indicators to identify the most linear trend window.

The channel continues to slope lower, with a stacked resistance cluster at $63.05K-$63.30K and major supply at $65.10K-$65.25K. As long as hourly closes remain below $63.30K, the base case is continued pressure toward $62.50K.

A clean loss of that support could expose the lower adaptive channel near $62.00K. A sustained hourly close above $63.30K would weaken the immediate bearish setup and potentially lead to a stronger structural reversal.