BTCUSD: Compression at Major Resistance – Breakout or Rejection?Bitcoin / U.S. dollarBITSTAMP:BTCUSDPropTradingAuthorityBitcoin is approaching a critical decision point. On the 4H timeframe, price has been respecting an ascending trendline while making lower highs, creating a symmetrical triangle. This shows that buyers are gradually stepping in, but sellers continue defending lower levels. The 1H timeframe confirms the same story. Price has recovered from the recent selloff and is now testing the descending resistance once again. The next move could be significant. Bullish Scenario 📈 A confirmed 4H candle close above the descending trendline would invalidate the short-term bearish structure. If buyers maintain momentum, the next objectives are: - 65,200 - 66,000 - 66,900 (previous swing high) For confirmation, I'd like to see: - Strong candle close above resistance - Increasing buying volume - Successful retest of the breakout level Bearish Scenario 📉 If Bitcoin fails to break the trendline, sellers could regain control. The first downside targets would be: - 64,000 - 63,500 - 62,650 (major support) A rejection at resistance would keep the sequence of lower highs intact and suggest the broader correction is not over yet. Technical Outlook - 4H Structure: Symmetrical Triangle - 1H Structure: Recovery into descending resistance - Bias: Neutral until confirmed breakout - Key Level: ~64.9K–65K The market is compressing between higher lows and lower highs, which usually precedes an expansion in volatility. Rather than predicting direction, I'm waiting for confirmation before committing to either side. Trading Plan: Watch for the breakout, wait for confirmation, then trade the retest instead of anticipating the move. What do you think? 👍 Bullish breakout above 65K? 👎 Rejection and another leg lower? This analysis reflects my personal view and is not financial advice.