BTCUSD: Market Structure Signals Possible Downside MoveBitcoin / U.S. dollarBITSTAMP:BTCUSDCEO_OF_GOLDBTCUSD is currently trading near a previously identified weak high, where price appears to be losing bullish momentum. The market structure suggests a potential bearish reaction if sellers step in and confirm rejection from this resistance area. The chart highlights a possible downside scenario, with the first objective located around the 60,000 support zone, followed by a deeper move toward the 58,500–58,000 demand area. This analysis is based on market structure concepts, including CHOCH (Change of Character) and liquidity behavior. A confirmed rejection and bearish market structure shift could provide a selling opportunity. However, traders should wait for additional price action confirmation and maintain proper risk management before considering any trade decisions.