BTC/USD Short Setup: Momentum Turning BearishBitcoin / U.S. dollarBITSTAMP:BTCUSDMrJasim_07📉 BTC/USD 1H Trading Perspective — Bearish Momentum BTC/USD is currently trading around the $64,000 area after failing to sustain its recent push toward the $65.5K weak high. The chart shows that price rallied strongly, but sellers stepped in around the upper supply region and have since pushed the market lower. The current rebound into the $64K area looks like a potential retest of resistance rather than a confirmed bullish reversal. The key idea is that Bitcoin is forming a bearish structure after rejecting from the premium/high-price area. Unless buyers reclaim the marked resistance zone with strength, the probability remains tilted toward another move lower. ⚠️ Key resistance / supply zones $64,400–$64,950: Main resistance and supply area. This is where sellers previously became active; a rejection here could provide bearish confirmation. $65,300–$65,550: Higher resistance and the chart’s weak-high zone. A clean break and sustained hourly close above this area would weaken the bearish setup significantly. Support and downside target zones $62,450–$62,650: First major downside target. This is the highlighted target zone and an important reaction area where price could pause, consolidate, or produce a short-term bounce. 🎯 $61,600–$62,050: Stronger lower support/demand zone. If the first target fails to hold, this becomes the next important area for buyers to defend. The volume profile and previous price action make it a key decision zone. Potential trade plan A conservative bearish approach would be to wait for price to retrace into the $64.4K–$64.9K resistance zone and look for clear rejection signals on lower timeframes—such as a bearish engulfing candle, lower high, loss of intraday support, or a market-structure shift downward. Possible bearish objectives: TP1: $63,600 area TP2: $62,500 target zone TP3: $62,000–$61,600 demand zone If price does not retrace and instead breaks below nearby intraday support with strong volume, a continuation short may be considered—but chasing a large red candle is generally lower quality than waiting for a retest. Patience is part of the setup. 🧠Invalidation The bearish idea becomes less convincing if BTC reclaims and holds above $64,950, especially if price starts accepting above the resistance area. A decisive break above $65,300–$65,550 would suggest that the market may be targeting liquidity above the previous high rather than continuing downward. Risk management Keep risk controlled on every position: Risk only a small, predefined percentage of capital per trade—commonly 0.5%–1%. Place the stop-loss above the relevant resistance/swing high, not at an arbitrary distance. Consider moving stops to breakeven after TP1 if the market confirms the move. Take partial profits into support rather than assuming price will reach every target. Avoid overleveraging: BTC can move sharply around news, liquidity sweeps, and major session opens. 🛡️ Overall, the chart favors a bearish continuation scenario while price remains below the marked supply zone. The preferred expectation is a rejection from resistance followed by a move toward $62.5K, with the $62K–$61.6K range acting as the deeper support area. This is a technical perspective, not financial advice—always wait for confirmation and manage risk carefully.