BTC/USD Bearish Outlook Rejection at Ichimoku Resistance Bitcoin / USDBINANCE:BTCUSDTrade_ActionBTC/USD is trading around $64,946 and is showing signs of weakness after rejecting the Ichimoku Kumo resistance near $65,200. Price has failed to reclaim the previous highs and is producing lower highs, suggesting bearish momentum is beginning to build. Bearish Outlook Price has been rejected from the $65,200–$66,000 resistance zone, where sellers have stepped in. The Ichimoku Cloud is acting as dynamic resistance, limiting bullish continuation. A breakdown below the recent swing support around $64,300–$64,000 would likely accelerate selling pressure. The projected path on the chart suggests a series of lower highs and lower lows, confirming a bearish continuation if support fails. Key Support Levels First Target: $62,700–$62,800 (nearest demand zone) Second Target: $60,700–$60,900 (major support) Final Target: $58,900–$59,100 (strong demand area) Resistance Levels Immediate Resistance: $65,200 Major Resistance: $66,000 Trade Idea Bias: Bearish Entry: On rejection below $65,200 or after a confirmed break below $64,300 Take Profit 1: $62,800 Take Profit 2: $60,800 Take Profit 3: $59,000 Stop Loss: Above $66,000 or above the recent swing high. Conclusion The 4-hour structure favors the bears as long as BTC remains below $65,200. A confirmed break beneath the current support could trigger a decline toward the $62.8K, $60.8K, and potentially $59K demand zones. A sustained move above $66,000 would invalidate this bearish scenario and shift momentum back to the bulls.