Is Bitcoin Heading Into the H4 Order Block? | BTCUSD 01/08BitcoinOANDA:BTCUSDAdrian_NovaTraderBitcoin remains under pressure after failing to break above the descending trendline. The recent rejection reinforces the bearish H4 structure, while the current decline appears to be targeting the liquidity resting beneath the recent lows. From my bias, the H4 Order Block around 61.7k–62.0k is the primary area to watch. A sweep into this zone could trigger a short-term reaction, but unless buyers reclaim the trendline and recent swing high, the broader structure continues to favor the downside. 📝 Market Overview BTC has broken below the latest short-term support and is now approaching a key liquidity pool resting just above the H4 Order Block. Based on the current Smart Money Concepts (SMC) structure, this area could become the next decision point. If buyers defend the Order Block, price may produce a corrective rebound. However, failure to hold this demand zone would increase the probability of another bearish expansion toward the next Sell-Side Liquidity. 📌 Key Levels to Watch 🔹 Resistance 64,700 – 65,000 (Descending Trendline) 66,800 – 67,200 (Buy-Side Liquidity) 🔹 Primary POI 61,700 – 62,000 (H4 Order Block) 🔹 Downside Target 60,700 (Sell-Side Liquidity) 📈 My Trading Plan 📍 My Bias Bearish while price remains below the descending trendline. 📍 Potential Setup Monitor price as it sweeps liquidity into the H4 Order Block. Look for lower-timeframe confirmation to determine whether buyers can defend the zone or sellers regain control. A recovery above the trendline would weaken the current bearish outlook. 🎯 Potential Targets TP1: 62,000 (H4 Order Block) TP2: 61,200 TP3: 60,700 (Sell-Side Liquidity) ❌ Invalidation A sustained H4 close above the descending trendline, followed by acceptance above the recent swing high, would invalidate this bearish scenario and increase the probability of a move back toward the Buy-Side Liquidity around 66.8k–67.2k. ⚠️ This is my personal market analysis based on Smart Money Concepts (SMC) and price action. It is shared for educational purposes only and should not be considered financial advice. Always conduct your own analysis and manage risk appropriately.