BTC Bearish Rejection — $62,500 Support in FocusBitcoin / USDBINANCE:BTCUSDKingProTraderBitcoin is showing a bearish structure after rejection from the $65,000–$65,500 supply zone. Price is currently moving inside a descending channel and remains below the key Fibonacci resistance levels. 🔻 Bearish Setup Major Supply: $65,000–$65,500 0.5 Fib Resistance: ~$63,943 0.618 Fib Resistance: ~$64,281 Price is below both Fib levels, keeping the short-term bias bearish. The descending trendline continues to act as resistance. 🎯 Downside Targets If BTC fails to reclaim $63,940–$64,280, another rejection could send price toward: TP1: $62,500 TP2: $62,300 TP3: $61,750–$61,500 🟢 Bullish Invalidation A strong 4H breakout and close above $64,280 could invalidate the immediate bearish setup and open the way toward $65,000–$65,500. Bias: 🔴 Bearish below $64,280 Key resistance: $63,940–$64,280 Key support: $62,300–$62,500