BTC/USD – Bearish Rejection from Resistance with Downside DemandBitcoinOANDA:BTCUSDEmpire_Forex44Bitcoin (BTC/USD) is showing a bearish setup on the 1-hour chart after price faced repeated rejection around the major 64,800–65,300 resistance zone. The structure suggests that sellers are attempting to take control after the recent liquidity sweep and failure to continue higher. 🔴 Major Resistance Zone: 64,800–65,300 — Price has struggled to break and hold above this area. A strong rejection here increases the possibility of a downside move. 🟡 Current Price Area: Around 64,260, where BTC is consolidating near the lower part of the recent structure. 📉 Bearish Scenario: If BTC continues to reject resistance and breaks below the nearby 64,000–63,900 support area, downside momentum could accelerate toward the next support levels. 🎯 Potential Downside Targets: TP1: 63,600 TP2: 63,200 TP3: 62,400 Main Demand Zone: 62,100–62,300 🔵 Demand Zone: The highlighted 62,100–62,300 area is the key demand region on this chart. Buyers may become active if price reaches this zone. 📈 Bullish Invalidation: A strong 1H candle close above the 65,200–65,300 resistance zone would weaken the bearish setup and could open the way for further upside. 🔥 Trading Perspective The overall structure currently favors a sell-on-rejection / bearish continuation scenario, provided BTC remains below the major resistance zone. Traders should wait for confirmation around support breaks rather than entering purely on prediction. Key Level: 65,300 resistance Key Breakdown: 64,000 Major Demand: 62,100–62,300 Market Bias: 📉 Bearish below major resistance Always use proper risk management and avoid overleveraging.