BTCUSD Bearish Reversal Setup| Ascending Channel Resistance74997Bitcoin all time history indexINDEX:BTCUSDGold_Market_MindBTCUSD – 15M TECHNICAL ANALYSIS BEARISH SELL BIAS 15-Minute Timeframe 1. Market Structure - BTCUSD is moving inside an ascending channel. - Price is approaching the upper channel resistance. - Buyers have maintained short-term bullish momentum, but price is entering a potential selling area. - A rejection from resistance could trigger a bearish reversal. 2. Key Sell Zone - Main resistance: 76,200 – 76,350 - This area represents channel resistance and potential supply. - Watch for bearish rejection candles before entering a short position. 3. Trade Setup – SELL LevelPrice Entry76,200 – 76,350 Stop Loss76,620 TP175,700 TP275,350 TP374,997 4. Important Liquidity Zones - Buy-side liquidity: Above 76,350. - Major resistance: 76,600 – 76,620. - Downside liquidity: 75,700. - Major downside target: 74,997. 5. Confirmation & Invalidation - A bearish rejection inside the sell zone strengthens the short setup. - A 15-minute candle closing below 75,950 would provide additional bearish confirmation. - A strong breakout and close above 76,620 invalidates the bearish setup. 6. Final Market Outlook BTCUSD is approaching a critical resistance area inside its ascending channel. The preferred scenario is a rejection from the 76,200–76,350 supply zone, followed by a downside move toward 75,700, 75,350, and potentially 74,997. Trading Strategy: Wait for bearish confirmation before entering. Avoid selling blindly into bullish momentum.