BTCUSD TRADE IDEA

Market Structure: Bearish

• The chart shows a strong downtrend with consecutive lower highs and lower lows.
• Heavy selling pressure pushed price from the 81,000 area down toward 61,000–63,000.
• Recent price action is moving sideways after the sharp drop, indicating consolidation rather than a confirmed reversal.

Key Levels

• Resistance 1: 64,491
• Resistance 2: 67,256
• Support 1: 61,633
• Current Pivot: 62,845

Bullish Scenario

• A H4 candle close above 64,491 could trigger a recovery move.
• Target zones:
  • 67,256
  • Higher resistance if momentum continues.

Bearish Scenario

• Failure to break 64,491 and a close below 61,633 would favor trend continuation.
• Sellers could target fresh lows below the recent swing low.

Trading Idea

• Buy Setup: Above 64,491 after a confirmed breakout.
  • TP1: 67,256
  • SL: Below 61,633
• Sell Setup: Rejection from 64,491 or breakdown below 61,633.
  • TP: New lows below 60,000
  • SL: Above the rejection high.

Conclusion
The dominant trend remains bearish, but price is currently ranging between 61,633 and 64,491. Wait for a breakout of this range before taking a directional trade. A break above 64,491 favors a short-term buy, while a break below 61,633 favors continuation selling.