BTCUSD 1H Market Analysis | Bearish Continuation SetupBitcoin / U.S. dollarBITSTAMP:BTCUSDJordanSMCBitcoin is showing bearish price action on the 1-hour timeframe. After reaching the 84,061 resistance area, price experienced strong selling pressure and started moving lower. The previous upward move was followed by a bearish shift in market structure, suggesting that sellers may still be in control. My Analysis: First, BTCUSD formed an upward channel, but the price failed to maintain its bullish momentum and broke down from that structure. This indicated a possible change from bullish to bearish price action. After the breakdown, Bitcoin continued moving lower and created a bearish market structure. Price is now trading below the key resistance zone around 81,924–82,150, which I am watching as an important area for a potential retracement and rejection. My Trade Idea: I am expecting BTCUSD to potentially move upward first to test the 82,019 area. If price reaches this level and shows bearish rejection or confirmation, sellers may step in and push the market lower. My main downside target is the 79,778–79,783 support area, where price previously found buying interest. Key Levels to Watch: - Potential resistance / retracement: 81,924–82,150 - Potential sell confirmation: Bearish rejection or a confirmed bearish shift in lower-timeframe structure - Main downside target: 79,778 - Major resistance zone: Around 86,000 Conclusion: My current bias is bearish while BTCUSD remains below the 82,019 area and continues to show weakness. I will watch how price reacts around this resistance zone before considering a sell setup. If bearish momentum continues, the market could revisit the 79,778 support area. This is a technical analysis scenario, not a guaranteed prediction. Price may invalidate the bearish idea if it breaks above resistance and establishes bullish structure. Always use proper risk management and wait for confirmation before entering a trade. For educational and informational purposes only. Not financial advice.