BTCUSD Bear Flag Formation | Downside Expansion in FocusBitcoinOANDA:BTCUSDGold_Market_MindHere’s a technical analysis of the BTC/USD 15-minute chart based on the setup shown in your TradingView screenshot. BTC/USD 15M Analysis Market Structure Price is trading inside a descending channel, indicating a short-term bearish trend. A previous liquidity box (LD box) acted as accumulation before the strong upward move. After failing to break the channel resistance, BTC has started making lower highs and lower lows. The current price is around 63,797, sitting just below a marked resistance area near 63,990–64,010. Key Levels Resistance Zone 63,990 - 64,010 (marked support/resistance flip area). 64,200 - 64,300 (channel midpoint and supply zone). 64,500 - 64,512 (stop-loss area and major resistance). Support Zone 63,700 - 63,750 (immediate support). 63,400 - 63,500 (channel support). 62,000 - 62,020 (major downside target). Trade Idea (as drawn) Bearish Bias Entry: Around 63,990 - 64,010 after a rejection. Stop Loss: 64,511. Target: 62,020. Risk-to-Reward Risk ≈ 500 points. Reward ≈ 1,990 points. R:R ≈ 1:4, which is favorable if the setup confirms. Confirmation for the Short Price retests 63,990-64,010 and forms a bearish rejection candle. Volume increases on the selloff. Price remains below the descending channel resistance. Invalidation A strong 15-minute close above 64,500 would invalidate the bearish idea. That could trigger a move toward 64,800-65,000. Bias 15M Short-term: BEARISH The chart favors a sell-the-rally approach while BTC remains inside the descending channel and below 64,500. The marked setup suggests a potential downside continuation toward the 62,000 region if resistance holds.