BTCUSD Rejection at Supply – Bears Target Lower Demand ZoneBitcoin / U.S. dollarBITSTAMP:BTCUSDFrankAgboBTCUSD has rallied strongly into a significant supply zone around 65,100–65,600, where sellers have begun defending the area. Price is showing signs of exhaustion after tapping this resistance, increasing the probability of a short-term correction. The rejection from supply suggests smart money may be taking profits while late buyers enter at premium prices. Unless Bitcoin breaks and closes convincingly above this resistance, the path of least resistance remains to the downside. The next key objective for bears is the demand zone around 63,500–63,900, where buyers previously stepped in. This area could provide the next buying opportunity if bullish confirmation appears. Bearish Scenario: 📉 Price remains below the supply zone. 📉 Watch for bearish confirmation such as a lower high or bearish engulfing candle. 📉 Initial target: 64,200. 📉 Main target: 63,500–63,900 demand zone. Bullish Invalidation: A strong breakout and close above 65,600, followed by a successful retest, would invalidate the bearish setup and could trigger continuation toward new highs. Why I'm Bearish: Price is trading inside a major supply zone. Multiple rejections show sellers are defending resistance. Buying momentum is slowing after the impulsive rally. A pullback would offer a healthier market structure before the next major move. Trading Tip: Avoid selling after a large bearish candle. Let price confirm weakness at resistance before entering. Waiting for confirmation often improves both entry quality and risk-to-reward. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. #BTCUSD #Bitcoin #Crypto #TradingView #PriceAction #SmartMoney #SMC #ICT #SupplyAndDemand #TechnicalAnalysis #CryptoTrading #BTC