BTC/USD Bearish Breakdown – Sell Setup Toward 61,218Bitcoin / U.S. dollarBITSTAMP:BTCUSDictcopytradePrice is trading inside a descending channel, confirming a short-term downtrend. Lower highs and lower lows are still intact. The trend-following indicator is showing SHORT, which supports bearish momentum. Key Levels Resistance / Sell Zone: 62,900 – 63,070 Stop Loss: Above 63,070 Primary Target: 61,218 If 61,218 breaks with strong momentum, the next downside area could be around 60,600–60,000. Trading Plan Bias: Sell on rallies (preferred). Avoid chasing shorts after a large bearish candle; wait for a pullback into resistance for a better risk-to-reward entry. A sustained break and close above 63,070 would weaken the bearish setup and could signal a move toward 63,400–63,700. SELL Entry: 62,900–63,050 Stop Loss: 63,070 Take Profit 1: 62,000 Take Profit 2: 61,218 Confidence: 70–75% Bearish, provided price remains below 63,070.