BTC/USD – Bearish Breakdown Setup (4H)

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BTC/USD – Bearish Breakdown Setup (4H)Bitcoin / U.S. dollarBITSTAMP:BTCUSDDJANAS1STBitcoin is currently trading below a major descending trendline and struggling to reclaim the 0.382 Fibonacci level around 67,500. Price is also facing strong resistance near the 50% retracement zone at 66,000 – 67,000, showing weakness and lower high formation. If BTC gets rejected from this resistance cluster, we could see a strong downside continuation toward the lower channel support. 🎯 Targets: 64,600 62,500 59,900 52,000 (major support zone) 🛑 Stop Loss: clear 4H close above 68,500 Based on market structure, descending resistance, and Fibonacci confluence, I expect further downside pressure if the current rejection is confirmed. 📘 This analysis is based on personal market study – DYOR / Not financial advice.