BTC/USD (4H)Bitcoin/USDCAPITALCOM:BTCUSDAvo-TradesBTC/USD (4H) — Bearish Pressure at Two Key Zones Bitcoin's recovery off the 58,000 low is running into resistance right where the descending trendline from the June high crosses back down through price — the same trendline that's capped every rally attempt since the top. The 66,819.20 zone is where that confluence sits, and price has already been rejected from it once, printing a lower high on the pullback into the 64,700s. The steep rising trendline off the July low is still intact, but it's converging fast with the descending green trendline, compressing price into a narrowing wedge. That kind of squeeze against overhead resistance typically favors the dominant trend reasserting itself — in this case, the broader down-move from the June top — rather than a clean breakout. The 63,625.30 zone is the second area of concern: it's acted as both support and resistance through July, and a rejection from 66,819.20 that fails to hold above 63,625.30 would confirm the rising trendline is breaking, shifting momentum back to the sellers who controlled the May–June decline. Key Levels Resistance: 66,819.20 Near Resistance: 65,500 (trendline confluence) Current: 64,787.95 Near Support: 63,625.30 Support: 60,600 (July swing low) As long as price stays capped under 66,819.20 and the wedge keeps tightening, the path of least resistance favors the downside — a break below 63,625.30 would open the door back toward the July lows. — Avo.Trades