BTCUSD 1H — Falling Wedge Breakout Setup Bitcoin / U.S. dollarBITSTAMP:BTCUSDFrankAgboBitcoin is trading inside a descending structure, with price respecting both the upper and lower trendlines. After testing the lower boundary around 62,600–62,400, BTC has started recovering and is now approaching the upper descending trendline. 📊 Key Levels 🟢 Entry zone: 62,949–63,075 🛑 Stop Loss: 62,181 🎯 Target: 64,472 🔴 Major resistance: 65,198 📈 Bullish Scenario The main setup is based on a potential breakout of the descending trendline. If buyers break and hold above the upper trendline, the descending structure could be invalidated, opening the way toward 64,472. A breakout followed by a successful retest would provide stronger confirmation. ⚠️ Bearish Scenario If BTC gets rejected from the upper trendline and falls back through the recent support structure, the bullish setup could fail. A break below 62,400 would increase the risk of another move toward the lower boundary of the structure. 🧠 The Setup Descending structure → lower-boundary support → bullish recovery → trendline breakout → continuation toward 64,472 The important level to watch now is the upper trendline. Price is approaching a decision point where buyers need to prove they can break the bearish structure. BTCUSD | 1H | Breakout Setup #BTCUSD #Bitcoin #BTC #Crypto #TechnicalAnalysis #PriceAction #TradingView #BitcoinAnalysis