On the BTCUSD H1 chart the market has been carving a descending channel since the breakout above 64,500 on June 20. The last three candles have produced lower highs (65,550 → 64,447 → 64,045) and lower lows, confirming bearish momentum. Volume spiked during the rally to 24k but fell to sub‑2k in the most recent bars, indicating waning buying interest and a lack of conviction for a new upward move. Current price sits just below the 64,200‑64,300 resistance cluster that held the prior swing high, making it a logical entry for a short. The stop is placed above the recent…

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