Bitcoin H1: Downward Wave Maintains, Bears Return!Bitcoin / U.S. dollarBITSTAMP:BTCUSDAllison_LutherXBitcoin is still moving in a bearish structure with subsequent peaks lower than previous peaks. The recovery around 64,200 is currently not strong enough to reverse, but is mainly bringing the price back to an area more favorable for sellers. The 64,800–65,500 zone is an important supply zone, where the price was rejected and the bearish structure began to expand. If BTCUSD bounces here but fails to sustain above 65,500, a rejection signal on H1 could trigger further selling. The market context is also supportive of a downward trend as Fed policy remains unclear, long-term bond yields remain high and sentiment towards risky assets remains fragile. Institutional inflows into Bitcoin have also shown signs of weakening recently. Pending selling range: 64,800–65,500 TP1: 63,200 TP2: 62,700 Invalid: H1 closes clearly above 65,600