BTCUSD: Bearish Continuation Setup After Support Bounce

πŸ“‰ BTCUSD Market Structure Analysis

Bitcoin recently bounced from the key support area around 63,700–64,000. However, price is now approaching a previous bullish reaction zone, which may act as resistance after the recent breakdown.

I'm watching this area for a possible bearish rejection. If sellers regain control, BTC could continue its downside movement toward lower liquidity areas.

Key levels:
πŸ”΄ Resistance / rejection zone: Previous bullish reaction area
🟒 Support: 63,700–64,000

Confirmation from price action will be important before considering the next move.

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