BTCUSD (1H) - STRATEGIC TRADING PLANBitcoin / U.S. dollarBITSTAMP:BTCUSDCIPHERCHARTThe BTCUSD 1H chart indicates a clear bearish retracement following a rejection from the swing highs near 64400. The market has broken local structures to the downside, leaving a bearish FVG (Fair Value Gap) hanging above. Currently, the price is trading around 62031, drifting down toward a key higher-timeframe demand structure. The dominant strategy for today is to wait for the price to descend into the major buying territory below before looking for a high-probability long setup, as the immediate upside remains capped by structural supply. KEY LEVELS & ZONES Resistance Zones: Resistance 1: 63000 - 63300 (Bearish FVG zone acting as immediate overhead supply) Resistance 2: 64000 - 64400 (Major swing highs and structural liquidity pool) Support & Entry Zones: Key Entry Zone: 60500 - 60969 (Major bullish FVG area designated as the institutional buying zone) Invalidation Level: 59802 (Major structural low) 3. DETAILED TRADING STRATEGIES A. Buy Setup (Primary Strategy) Buy Entry: Layer orders within the 60500 - 60969 range inside the designated Entry Zone box. Stoploss: 59802 (Placed safely right below the red invalidation block to protect against deeper liquidity hunts). B. Sell Setup (Counter-Trend Scalp) Sell Entry: If the market prints a short-term relief rally before hitting the demand zone, look for short positions upon a retest of the bearish FVG between 63000 - 63300. Stoploss: 63650 (Positioned safely above the local swing high preceding the gap).