BTCUSD 4H: Breakdown Confirmed — Target $57.8k?Bitcoin / US DollarCOINBASE:BTCUSDTaxpayerTrades### Market Overview Bitcoin (BTCUSD) is showing clear signs of exhaustion on the 4-hour timeframe. We have officially broken down from the recent upward corrective structure, and if immediate support zones fail to hold, the path of least resistance points toward a deeper correction. ### Technical Points * **Market Structure:** Price has broken cleanly below the lower boundary of the recent ascending structure. * **FVG / iFVG Zones:** We are currently slicing through immediate 4H Fair Value Gaps, flipping previous demand zones into overhead resistance (iFVGs). The immediate price action around $60,630 shows sustained selling pressure. * **Downside Target:** If the current momentum persists, the measured move points toward a potential ~9.4% slide down into the major daily support block near $57,800. ### What I’m Watching Next * **Bearish Continuation:** A clean 4H close below immediate liquidity opens the door directly to the $57.8k target. * **Invalidation / Bullish Risk:** For this bearish thesis to fail, bulls need to reclaim the broken structure and print a firm close back above the $62,000 level. --- ⚠️ Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk according to your personal trading plan. #bitcoin #btcusd #crypto #smc #fvg #priceaction