BTC/USD: Supply Zone Rejection Setup targeting Sell-Side ?Bitcoin / U.S. dollarBITSTAMP:BTCUSDfx_martin07Overview Bitcoin (BTCUSD) on the 1-hour timeframe demonstrates a classic Smart Money Concepts (SMC) structure. After sweeping low-level liquidity near the $76,500 region, price underwent a strong Market Shift Structure (MSS) to tap liquidity above $82,300 (BSL). Following a sharp drop from the highs, price is consolidating beneath a key Supply Zone. Key Technical Observations: Buyside Liquidity (BSL): Established at $82,300, where the recent rally topped out. Supply Zone: Defined between $80,500 – $81,500, acting as the primary point of interest (POI) for prospective sellers. Sellside Liquidity (SSL): Key downside target sits at $78,600 (recent swing low). Current Action: Price is hovering around $79,974, building energy for a potential push into the supply block before looking for continuation lower. Trade Plan & Outlook: Bearish Scenario (Primary): Look for a pullback into the $80,500 – $81,500 Supply Zone. Confirmation of rejection within this zone opens a short setup targeting $78,600 (SSL) as the primary take-profit target. Alternative Scenario: A strong break and sustained hourly close above $81,500 invalidates the short bias and targets a test of the BSL high at $82,300+.