BTCUSD: Don't Confuse Breaks with Reversal

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BTCUSD: Don't Confuse Breaks with ReversalBitcoin / USDBINANCE:BTCUSDParadise_NoirBTCUSD on the 12-hour chart is in a rather sensitive state. The price is currently around 62,676, after several sessions being pushed below the Ichimoku cloud. This shows that BTC hasn't truly regained control, despite a few short rallies. The most notable point on the chart is that the descending trendline is still clearly pressing down from above. Each time the price approaches the resistance zone, buying pressure weakens, and the market continues to give the impression of a "breathing time" rather than a true reversal. As long as BTC remains below the 63,920-65,000 range, the bearish structure remains unbroken. The 63,920 area is currently a crucial testing ground. If the price rallies here but fails to close strongly above the 12-hour candle, it's highly likely that sellers will continue to use this area to push the price down further. In the context of a strong USD, risk-off sentiment, and a lack of a full return of crypto money flow, the BTC rebound still carries significant risk of being sold off again. My preferred scenario: BTCUSD technically rebounds to the 63,500 – 63,920 region, then is rejected and continues to fall to 53,550. This is a deeper target area on the chart, suitable if BTC loses the psychological support zone around 60,000. Entry Focus: Prioritize SELL around 63,500 – 63,920 when a rejection candle appears or buying pressure weakens. Target: 53,550 Invalidation: The bearish scenario becomes invalid if BTC closes the 12H candle clearly above 65,000.