BTC/USD: Medium-Term Bearish PotentialBitcoin / US DollarCOINBASE:BTCUSDNouzTraderThe medium-term trend on the H4 timeframe is currently in a bearish consolidation/sideways phase after failing to maintain its long-standing bullish structure. The sharp price rebound from the 67,200 area indicates the dominance of institutional sellers in the upper area, triggering a liquidity grab. However, a minor recovery from the low around 62,000 formed a short-term upward movement that is currently stalled just below the Support Becomes Resistance (SBR) area. At 64,073, the upward movement appears to be experiencing momentum stagnation. The formation of small, short-bodied candles with thin upper wicks indicates that buyers are becoming hesitant to pursue the price at this dynamic resistance area. ------------------------------------------------------------------------------------------------------------ If we map the wave cycle movement on the H4 timeframe on the chart: - ⚡Wave Structure: The sharp vertical decline from the peak (around 67,200) is calculated as the initial impulsive movement of the corrective Wave A. - ⚡Current Status: The gradual rebound from the 62,000 level towards the 64,073 area is identified as the formation phase of Wave B (Corrective Wave). In theory, Wave B often traps retail buyers (bull traps) due to its corrective upward nature and the lack of strong volume as the main impulsive wave. - ⚡Projection: The subsequent price movement after the completion of Wave B at this local resistance area is projected to trigger the next downward impulse, Wave C, to complete the full correction cycle towards the equilibrium zone or major demand below. ------------------------------------------------------------------------------------------------------------ ✅Determining Trading Bias Based on Timeframe - ⚡Short-Term Timeframe (Intra-day / H1): Neutral-Bullish — Experiencing a short-term corrective increase (Wave B) towards the nearest resistance area. - ⚡Medium-Term Timeframe (H4): Bearish — The overall market structure remains suppressed by the previous bearish impulsive impulse that dominated the chart. ------------------------------------------------------------------------------------------------------------ The main bias for BTCUSD on the H4 timeframe is currently BEARISH. The next price movement direction is projected to CONTINUE DECLINE (Wave C) targeting the 61,500 - 62,000 range after the corrective upward phase of Wave B reaches its peak around the nearest SBR level.