BTCUSD | Bearish Setup from Resistance Zone | 1:4.5 RRBitcoin / U.S. dollarBITSTAMP:BTCUSDAlphaCapitalTradesBitcoin is currently trading at $63,748 on the 1-hour timeframe. After a significant bearish impulse from the $69,000 Major Resistance zone, price has been consolidating and is now making a minor push back into a key resistance zone between $64,400 – $65,141. Our weekly bias remains bearish and this retracement into resistance is presenting a high probability sell opportunity. Market Structure From a Smart Money perspective, the overall structure on the 1H is bearish. Price made a strong impulsive move down from the $69,000 area, followed by a corrective retracement. This retracement is currently tapping into a well-defined resistance zone which previously acted as a base before the drop — a classic breaker block / resistance retest scenario. The current price action suggests smart money is distributing at this level before continuing the bearish leg lower. Key Levels 🔴 Major Resistance: ~$69,000 🔴 Resistance Zone: $64,400 – $65,141 ← Current focus ⚪ Internal Liquidity: ~$63,748 ← Price is sweeping this 🟢 Support Zone: $59,500 – $60,000 Internal Liquidity Price is currently hovering around the internal liquidity level at $63,748. In SMC terms, internal liquidity refers to the short term highs and lows within the current range where retail stop losses are resting. Smart money typically sweeps this liquidity before delivering price to the next premium or discount area. Trade Plan 📍 Entry Zone: $64,401 — on retest of resistance 🛑 Stop Loss: $65,141 — above resistance zone 🎯 Target: $61,073 — internal structure low / liquidity pocket 📊 Risk to Reward: 1:4.5 ⚡ Entry Condition: Entry is only valid upon a bearish confirmation candle on the 15-minute timeframe after price reaches the entry zone. If no confirmation is seen, we do not enter. Patience is part of the strategy. Invalidation ❌ This setup is invalid if price closes convincingly above $65,200 on the 1H. A close above this level would suggest bullish momentum is returning and the resistance zone has flipped to support — which changes the narrative entirely. Conclusion With weekly bias bearish, price tapping a key resistance zone, internal liquidity being swept, and a clear 1:4.5 RR on the table — this is a setup worth watching closely. We are not entering blindly. We wait for the 15min confirmation before executing. Trade smart. Manage your risk. This is not financial advice. 💬 Drop your thoughts in the comments — are you bearish or bullish on BTC this week? 📩 DM for account management & premium signals 🔔 Follow AlphaCapitalTrades for daily analysis.