Bitcoin (BTC/USD) – 1H Technical AnalysisBitcoin / USDBINANCE:BTCUSDIbrahimTarekCurrent Price: ~65,850 Market Structure: Bearish short-term, corrective within a broader range 🔎 Market Overview On the 1H timeframe, Bitcoin remains in a clear short-term downtrend, printing lower highs and lower lows after the strong rejection from the 94–98K supply zone. Price is currently compressing inside a descending channel, trading below dynamic resistance (trendline). Momentum has weakened after the recent bounce from the 63–64K demand area. 📉 Key Levels 🔴 Resistance Levels 68,000 – 69,000 → Channel resistance / intraday supply 72,300 – 72,500 → Major horizontal resistance (previous breakdown level) 94,000 – 98,000 → Higher timeframe supply zone 🟢 Support Levels 63,500 – 64,000 → Strong short-term support 62,400 → Key invalidation / structural support Below 62K → Opens downside toward 60K–58K liquidity zone 📊 Trade Setup (Based on Your Chart) Entry: 65,900 Stop Loss: 62,400 Target 1: 72,500 Risk–Reward: Approximately 1:2 (solid structure if confirmed) 🧠 Trade Logic: Entry near lower channel support Stop placed below structural low Target at major resistance / liquidity pool This setup is valid only if price holds above 63.5K and confirms bullish momentum (higher low on lower timeframe). 📈 Bullish Scenario If BTC: Holds 63.5K support Breaks and closes above 69K Breaks descending trendline with volume Then we can expect a move toward: 72.5K (first target) Potential extension to 75K–78K 📉 Bearish Scenario If BTC: Breaks below 63.5K with strong momentum Fails to reclaim it Then downside continuation toward: 60K Possibly 58K liquidity sweep 🏁 Conclusion Bitcoin is still structurally bearish on the 1H timeframe, but currently sitting at a decision zone. Your long setup is technically reasonable from a risk management perspective — but confirmation is key. Without a breakout above channel resistance, upside remains corrective. If you'd like, I can also analyze: 4H / Daily structure Volume & liquidity analysis Market sentiment positioning Alternative short setup scenario