BTC/USD: Bearish Continuation After Channel RejectionBitcoin all time history indexINDEX:BTCUSDCRT-ICT-MARKET-GOLD-SIGNALSBTC/USD 15-Minute Technical Analysis (Educational) The chart shows Bitcoin rejecting a short-term resistance zone after trading within an ascending channel. Price has broken below the minor consolidation support, suggesting that bullish momentum is fading in the near term. Market Structure The overall trend remains bullish due to the higher highs and higher lows formed inside the ascending channel. However, the latest candles indicate a break below the local support area around 61,600, increasing the probability of a short-term pullback. Sellers are beginning to gain control after multiple failed attempts to push above recent highs. Key Levels Resistance / Sell Zone: 61,600–61,650 Current Price: ~61,418 Stop Loss: 62,553 (above the recent swing high to invalidate the bearish setup) Target: 59,250, aligning with the next major support and previous demand area. Trade Idea The setup favors a sell-on-retest rather than chasing the current move. Entry: Wait for price to retest the broken support near 61,600–61,650. Look for bearish confirmation such as: Bearish engulfing candle Rejection wick Lower high on the 15-minute timeframe Risk Management: Stop Loss: 62,553 Take Profit: 59,250 Estimated Risk-to-Reward: Approximately 1:3, offering a favorable setup if the retest confirms. What Would Invalidate the Bearish View A sustained move back above 61,620, followed by a strong breakout above 62,000–62,550, would invalidate this bearish scenario and suggest buyers have regained momentum. Conclusion: The chart currently suggests a short-term bearish retracement after the loss of intraday support. Patience is important—waiting for a retest of the broken support before entering a short position provides a higher-probability trade than selling into the current decline.