BTCUSD – Bearish Setup After Resistance Rejection

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BTCUSD – Bearish Setup After Resistance RejectionBitcoin / USDBINANCE:BTCUSDAdrian_Trades_Bitcoin is currently trading within a volatile structure after a strong breakdown from the recent consolidation channel. The price showed a clear breakout from the ascending channel, confirming bearish momentum in the short term. After the breakout, BTC attempted a pullback toward the support-turned-resistance zone near 67,700, but faced rejection just below the major resistance area around 67,700 – 68,500. This zone is acting as a strong supply area, preventing further upside. 🔍 Key Observations: Breakout from bullish channel → bearish continuation signal Rejection near resistance confirms selling pressure Lower highs forming → bearish structure intact 🎯 Outlook: As long as price stays below the resistance zone, the bias remains bearish. We can expect a potential move toward the target area near 65,400, which aligns with previous support.