BTCUSD β Bearish Rejection & Downside Continuation SetupBitcoin / USDBINANCE:BTCUSDSHAY_ANALYTICSπ BTCUSD β Bearish Rejection & Downside Continuation Setup π Market Overview Bitcoin is facing renewed selling pressure after rejecting a major resistance zone aligned with a rising trendline. The recent bullish recovery failed to sustain above resistance, suggesting that sellers remain active and the market is vulnerable to another leg lower. Price is currently trading below the highlighted resistance area while struggling to maintain bullish momentum, keeping the short-term bearish outlook in focus. π Market Structure Insight * Market Bias: Bearish * Momentum: Weakening after rejection * Current Phase: Resistance rejection & bearish continuation As long as price remains below the resistance zone, sellers are expected to maintain control. βΈ» π Trading Scenarios β Bearish Scenario (Primary Bias) Conditions: * Price remains below the resistance area. * Rising trendline fails to hold as dynamic support. * Lower highs continue to develop with increasing selling pressure. Trade Plan: Look for short opportunities after bearish confirmation or rejection from the resistance zone. π― Target 1: 61,000 π― Target 2: 59,500 βΈ» β Bullish Invalidation Scenario Conditions: * Strong breakout above the resistance zone. * Price closes above 65,300 β 65,600. * Buyers establish higher highs and regain momentum. Trade Plan: A confirmed breakout above resistance would invalidate the bearish setup and open the door for further upside continuation. βΈ» π Key Levels to Monitor π΄ Immediate Resistance: 65,300 π΄ Major Resistance: 65,600 π’ Support Target 1: 61,000 π’ Support Target 2: 59,500 βΈ» β οΈ Trading Perspective The current technical structure favors the bears following rejection from a strong resistance zone. Unless Bitcoin successfully reclaims and holds above resistance, corrective rallies may continue to provide selling opportunities. βΈ» π§ Professional Insight This setup is supported by: * Resistance zone rejection * Rising trendline weakness * Bearish price rejection * Failure to establish higher highs * Short-term momentum shifting in favor of sellers The highest-probability entries are typically found after a confirmed rejection from resistance rather than selling into an extended bearish move. βΈ» π‘οΈ Risk Management * Risk only 1β2% per trade. * Place stop loss above the resistance structure. * Wait for bearish confirmation before entering. * Avoid overleveraging during volatile market conditions. * Respect invalidation levels and protect your trading capital. This analysis is for educational purposes only and should not be considered financial advice.