BTCUSD Bearish setup (3D)Bitcoin / U.S. dollarBITSTAMP:BTCUSDVisionaryInsightsThe recent push toward 75k appears to have been a fakeout, with price quickly rejecting and failing to establish acceptance above resistance — reinforcing overall bearish structure. Price remains firmly in a downtrend, respecting the descending channel and trading below all key moving averages Bearish confluences: Fakeout above 75k followed by strong rejection EMA ribbon acting as dynamic resistance Structure: consistent lower highs and lower lows Price capped below key Fib levels (0.382 acting as resistance) Downward sloping channel intact Weak bullish momentum with choppy consolidation As long as price stays below the highlighted resistance zone, continuation to the downside is likely. The measured move / 100% extension aligns around the 55k region, which also sits near the lower boundary of the macro channel — making it a high-probability target. Invalidation: clean break and hold above the resistance block.