BTC/USD: Breaker Block Rejection Points to ABC Corrective TargetBitcoin / US DollarCOINBASE:BTCUSDSmellyTazBitcoin is currently exhibiting a textbook corrective structure on the 1-hour timeframe following a sharp rejection off local highs. After printing a swing low at Wave A, price staged a counter-trend rally directly into a high-confluence 1-hour Breaker Block zone around $65,000–$65,500 (Wave B). The rapid bearish impulse following this tap confirms that institutional sellers are defending this supply zone, keeping the short-term structure weighted to the downside. The immediate price action shows a pause around $63,300, setting up the potential for a minor relief bounce. A secondary retest into the lower boundary of the Breaker Block ($64,800–$65,200) would allow the market to fill remaining liquidity before expanding downward. Should this structure hold, the measured move points toward the ABC target zone located in the $59,000–$60,400 demand cluster. Traders should monitor lower-timeframe price action within the Breaker Block for structural confirmation (such as a Change of Character) rather than anticipating market direction prematurely. A sustained close above the Wave B high (~$65,600) invalidates this bearish sequence and signals a potential continuation of the higher-timeframe trend. Always practice strict risk management.