BTCUSD — Bearish Structure & Breakdown SetupBitcoinOANDA:BTCUSDXau_InsightssBitcoin is currently trading around 62,842 after losing the key 57,309–60,000 structural support area. The chart shows a clear bearish shift following the previous CHoCH and BOS, with sellers maintaining control on the higher timeframe. The highlighted Fib resistance zone between 73,126–77,426 remains the major area to watch. Any corrective rally into this region could face strong selling pressure if bearish confirmation appears. The projected structure suggests a potential continuation lower, with 57,309 acting as an important intermediate level. A sustained breakdown below this area could expose significantly lower levels, with the chart projecting toward the 34,200 region. Key Levels: • Current Price: ~62,842 • Fib Resistance: 73,126–77,426 • Structural Support: 57,309 • Major Downside Projection: ~34,200 The bearish thesis remains valid while price stays below the major Fibonacci resistance zone. Not Financial Advice. Trade Responsibly.