BTCUSD Faces Major Resistance Is a Bearish Breakdown Toward 58k?Bitcoin / U.S. dollarBITSTAMP:BTCUSDMichael_Fx_TraderBitcoin is currently trading inside a significant supply zone after completing a strong bullish recovery from the July lows. However, the current price structure suggests that buyers are losing momentum near a major order block, increasing the probability of a bearish rejection if resistance continues to hold. The chart highlights a well-defined 4H Order Block around the 64.5K–65K region, where price has already faced multiple rejections. This area aligns with previous institutional selling pressure, making it a key resistance zone. Unless buyers manage to secure a strong breakout and close above this level, the market remains vulnerable to another downside move. The recent swing structure also shows a series of lower highs forming inside the resistance zone, indicating weakening bullish momentum. The highlighted support near 61K is the first important demand area. A decisive break below this support would confirm another Market Structure Shift (MSS) in favor of sellers and could trigger increased bearish momentum. If sellers regain control, Bitcoin may decline toward the Daily Order Block and Fair Value Gap (FVG) between 58K and 59K. This higher-timeframe demand zone is expected to attract liquidity and could become the next major target for bearish continuation before any meaningful bullish reaction occurs. On the upside, the bearish outlook becomes invalid if BTC achieves a strong breakout above the current order block and successfully reclaims the major resistance. In that scenario, buyers could attempt another rally toward the higher resistance zone around 67K. Overall, Bitcoin remains at a critical decision point. As long as price trades below the highlighted order block and fails to break resistance, the technical bias favors a corrective move toward the 58K Daily OB & FVG, with 61K acting as the key confirmation level for bearish continuation. Key Levels Resistance: 64.5K–65K (4H Order Block) Major Resistance: 67K Support: 61K Bearish Target: 58K–59K (Daily Order Block & Fair Value Gap) Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always manage your risk before entering any trade.