BTCUSD – Bearish Continuation after Distribution (4H)Bitcoin/USDCAPITALCOM:BTCUSDSergiu_SmartMoneyContext: Clear bearish BOS from the top supply zone. CHoCH confirmed → trend shift Rejection from premium + EMA200 (dynamic resistance) Strong displacement created FVG → institutional selling Current view: Weak pullback → bearish continuation setup Sell zone (≈ 69.5k–71k) = confluence (FVG + EMA200 + supply) Structure: Lower Highs + Lower Lows → bearish intact 🎯 Scenarios 1. Main scenario (Bearish) ✅ Rejection from 69.5k–71k Targets: TP1: ~67k TP2: ~64.5k TP3: ~62k (major demand) 2. Alternative (Invalidation) ❌ Break & hold above 71k–72k → Possible move toward 74k+ Indicates liquidity grab, not true bearish continuation 🧠 Conclusion Market is bearish on 4H. This is a pullback for continuation, not reversal. 👉 As long as price stays below 71k → short bias remains