BTCUSD - Trendline Breakdown Exposes the 61,6 TargetBitcoin / U.S. dollarBITSTAMP:BTCUSDSwansenseBitcoin formed three major distribution peaks, with the central peak reaching the highest point and the latest recovery failing near 65,500. That right-side rejection was followed by a clean break beneath the rising trendline around 64,300–64,500, removing the support that had protected the market since the 61,700 area. Price is already trading below the breakdown point, so the preferred setup is not to chase the current decline. A corrective bounce toward 63,500–64,000 would allow BTCUSD to retest the broken structure. Failure to reclaim that area would confirm resistance and strengthen the continuation move lower. The macro backdrop supports the bearish outlook. The US dollar is holding near a one-month high as expectations for tighter Federal Reserve policy increase, while Bitcoin has weakened alongside the broader defensive market tone. Entry focus: Bearish rejection from 63,500–64,000 Primary target: 62,000 Main target zone: 61,500–61,800, centered around 61,603 Invalidation: An H2 close back above 64,500, reclaiming the broken trendline