BTC/USD Technical Analysis (4H) – Bearish Retracement Before theBitcoin / U.S. dollarBITSTAMP:BTCUSDMarketStrategysignals🪙 BTC/USD Technical Analysis (4H) – Bearish Retracement Before the Next Drop 📉🔥 Bitcoin has experienced a strong rejection from the major resistance zone near 66,900, where sellers stepped in aggressively and halted the previous bullish momentum. The rejection occurred close to the upper boundary of the long-term bullish trendline, indicating that buyers failed to maintain control at higher prices. Following this rejection, the market formed a sharp bearish impulse, breaking below the short-term ascending structure and shifting momentum in favor of the bears. This move confirms that profit-taking and institutional selling pressure are currently dominating the market. 📊 Market Structure The overall trend remains corrective bearish in the short term. Price has broken down from its recent higher-high structure and is now trading below previous support, which has turned into resistance. Although the larger market structure is still within a broader bullish channel, the current price action suggests that Bitcoin is undergoing a healthy retracement before determining its next major direction. 🔴 Key Resistance Zone (Order Block) The highlighted Order Block between approximately 64,500 and 64,900 is the most important resistance area. This zone previously acted as institutional supply, and after the recent bearish breakdown, it is expected to attract sellers once again. If price retraces into this area and prints bearish confirmation (rejection candles, bearish engulfing, or lower highs), it could offer a high-probability continuation setup. ⚡ Fair Value Gap (FVG) The chart also shows an unfilled Fair Value Gap (FVG) around 63,700–64,300. Price often revisits these imbalance zones before continuing in the direction of the dominant trend. A move into this FVG would help rebalance market inefficiencies and potentially provide liquidity for sellers. A retracement into the FVG followed by rejection would strengthen the bearish scenario. 📉 Bearish Scenario If sellers defend the FVG and Order Block successfully: 🎯 Target 1: 62,500 🎯 Target 2: 61,800 🎯 Target 3: 61,000 These levels align with previous demand areas where buyers may attempt to regain control. 🟢 Bullish Invalidation The bearish outlook would become weaker if Bitcoin closes strongly above 64,900 and reclaims the Order Block. Such a move would indicate that buyers have absorbed selling pressure and could open the path toward: ➡️ 65,800 ➡️ 66,900 resistance A breakout above the major resistance would restore bullish momentum. 📌 Trading Plan ✅ Wait for a pullback into the FVG/Order Block. ✅ Watch for bearish confirmation before entering short positions. ✅ Avoid chasing the current move after the sharp decline. ✅ Manage risk carefully with proper stop-loss placement above resistance. 🧠 Conclusion The recent rejection from the upper resistance has shifted short-term momentum in favor of the bears. While a temporary recovery into the Fair Value Gap and Order Block remains likely, this area is expected to act as a strong selling zone. Unless buyers reclaim the resistance with convincing volume, the probability favors another bearish leg toward lower support levels. 📉 Overall Bias: Bearish Retracement → Pullback → Bearish Continuation 🔥