BTCUSD 4H: Lower Highs Into Supply, Targeting 60KBitcoin / US DollarCOINBASE:BTCUSDyieldzilla888 Short setup. The 67,410 rejection at R1 kicked off a clean sequence of lower highs and lower lows. Each bounce has been sold. Price is now grinding back up into the pivot at 64,060 and the underside of the Ichimoku cloud, which is exactly where I want to be short. The thesis: This is a retest of broken support as new resistance. The 64,060 pivot plus the cloud overhead form a supply shelf. The cloud ahead is rolling red, so the trend structure favors the downside, and this bounce looks corrective rather than impulsive. Entry zone: into the 64,000 to 65,180 band. The red box up top is my risk area. I am leaning short on rejection here. Invalidation: a 4H close back above 65,650 breaks the lower high structure and I am out. That would put R1 back in play and the short is wrong. Targets: first the 62,355 S1 retest, then the main objective at 60,000 round number and the black line at 60,030. Stretch target is S2 at 59,004 if 60K gives way. Bias: short the bounce into the pivot and cloud, covering into 60K. Risk defined above 65,650.