BTCUSD: Bearish Breakdown as Risk Assets Sell OffBitcoin / US DollarCOINBASE:BTCUSDProfessorSingapore🎯 Trade setup: Direction: Short from pullback 🔻 Entry: 61,800–62,200 🛑 Stop Loss: 63,200 🎯 Take Profit 1: 60,000 📰 News: Bitcoin remains under pressure as investors continue to reduce exposure to risk assets after a sharp selloff in AI and technology stocks. Recent market updates show BTC trading near the $61,000–$62,600 area, extending its decline from June highs. The broader market sentiment is still cautious. Tech weakness, pressure in Nasdaq, and strong demand for the U.S. dollar continue to weigh on crypto. SpaceX-related volatility and the selloff in high-growth tech names added pressure to risk assets, while Bitcoin followed the same risk-off direction. At the same time, the Fed’s hawkish stance remains another negative factor. Higher rate expectations reduce appetite for non-yielding and speculative assets, including Bitcoin. 📊 Analysis: On the 1H chart, BTC/USD shows a strong bearish impulse. The price broke below the $62,200 area and is now trading near the $61,000–$61,300 zone. The structure remains weak: price is below the short-term EMAs and far below the 200 SMA, confirming bearish intraday momentum. RSI dropped close to oversold territory, so a short-term bounce is possible, but MACD is turning lower and does not confirm a bullish reversal yet. The key zone is now $61,000–$62,200. If BTC fails to reclaim this area, sellers may continue pushing the price toward $60,000 and $59,000. 📉 As long as BTC stays below $62,200–$63,200, sellers remain in control. A rejection from this zone could send the price back toward $60,000. A confirmed break below $59,000 would strengthen the bearish scenario and open the way toward $56,000. 📈 A bullish recovery would require BTC to reclaim $63,200 first. Stronger confirmation would come only above $65,700. Until then, any bounce looks more like a correction inside the bearish move. ⚠️ Invalidation: The bearish setup is invalidated if BTC holds above $63,200. ⚠️ Not financial advice.