BTCUSD Bearish Outlook – Waiting for the Retracement Into SupplyBitcoin / U.S. dollarBITSTAMP:BTCUSDFXSMARTT Bitcoin remains under bearish pressure after a strong impulsive decline, maintaining a clear bearish market structure. While short-term bullish momentum may continue, the current move appears to be a corrective retracement rather than a confirmed trend reversal. The white path highlights the primary bearish scenario, where price may retrace toward premium supply zones aligned with Fibonacci levels before sellers potentially regain control. Instead of chasing short positions at current prices, the higher probability setup is to wait for price to retrace into resistance and supply areas, then look for bearish confirmation before entering sell positions. Primary Bearish Scenario: ✔ Wait for price correction into premium supply zones ✔ Monitor seller reaction around key Fibonacci confluence areas ✔ Look for bearish confirmation such as rejection candles, liquidity sweep, bearish engulfing, or lower timeframe market structure shift ✔ Enter short positions only after confirmation Key Price Levels: Current Support: 59,000 – 60,000 Supply Zone 1: 66,500 – 68,500 Major Supply Zone 2: 71,000 – 72,200 Premium Resistance Area: 68,500 – 72,200 Bearish Target 1: 60,000 Bearish Target 2: 50,000 From a smart money perspective, the recent selloff appears to be a displacement move, increasing the probability of a corrective retracement before continuation lower. The strongest reaction area may come from the premium supply zones, where liquidity and institutional selling interest could re-enter the market. As long as BTC remains below the major supply zone and fails to reclaim higher resistance levels, the bearish outlook remains valid. A corrective rally into supply may provide a better risk-to-reward opportunity for short positions. Trade Idea: Wait for price to retrace into the 66,500 – 68,500 or 71,000 – 72,200 supply zones, confirm seller strength, then look for short opportunities targeting 60,000 and potentially 50,000. #BTCUSD #Bitcoin #BTCAnalysis #Crypto #BitcoinTrading #PriceAction #SmartMoney #TradingView #SupplyAndDemand #CryptoTrading #ICT #Liquidity