BTCUSD Bearish Setup — Rejection From Major Supply ZoneBitcoin / U.S. dollarBITSTAMP:BTCUSDApexCapitalMarketsAnalysisBitcoin (BTCUSD) is currently trading around $79,430 on the 1D timeframe. The chart shows a strong reaction from the lower demand area, followed by a move into a major supply/resistance zone around $82,000–$84,000. The current structure suggests that BTC is facing selling pressure near the upper supply zone, making a bearish continuation scenario possible if buyers fail to reclaim the resistance area. 🔴 Key Resistance / Supply $82,000–$84,000: Major supply and selling-pressure zone. A clear rejection from this region could confirm that sellers are defending the highs. A strong daily close above $84K would weaken the bearish setup and could open the door toward higher resistance. 🟡 Key Reaction Level Around $76,000 is an important reaction level. If BTC loses this level with strong momentum, it could indicate that the recent bullish recovery is weakening and sellers are gaining control. 🔵 Key Support Areas $72,000: First important support. $68,000–$69,000: Intermediate demand area. $64,000: Main projected bearish target shown on the chart. $61,000–$62,000: Additional support zone. $58,384: Major strong-low area. 🎯 Bearish Scenario The chart's projected path suggests: $82K–$84K rejection → $76K reaction level → $72K support → $68K–$69K → $64K target The $64K region is particularly important because it aligns with the marked expected target and a previous demand/liquidity area. ⚠️ What Would Invalidate the Bearish Idea? If BTC breaks above the $82K–$84K supply zone and establishes a strong daily close above it, the bearish setup becomes weaker. Traders should then reassess the structure rather than blindly holding a short bias. 🧠 Trading Logic The main reason for the bearish outlook is the combination of: Rejection from a major supply zone Visible selling pressure near recent highs Resistance around $82K–$84K Important reaction level near $76K Multiple lower support/liquidity zones Projected move toward the $64K area Risk management is essential. This is a technical analysis scenario, not a guaranteed prediction. Wait for confirmation around the marked levels before taking any trade