Key Levels

Resistance (Supply Zone)

64,800–64,900 – Immediate supply and rejection area.
65,250 – Strong High / major liquidity target if bulls regain control.

Support (Demand Zones)

63,900–64,000 – First demand zone.
63,350–63,700 – Secondary institutional demand.
62,300–62,600 – Major support and bullish invalidation area.
Trading Scenarios
🟥 Bearish Scenario (Preferred)
The bearish CHoCH increases the probability of further downside.
Price may continue correcting toward 64,000, with a possible extension into 63,600.
If selling pressure remains strong, Bitcoin could test the major demand around 62,500 before attracting buyers.
🟢 Bullish Scenario
If buyers reclaim and close above 64,900, the bearish structure would weaken.
A breakout above this supply could trigger a move toward the 65,250 liquidity high.
Sustained buying above 65,250 would confirm continuation of the broader uptrend.
Trade Outlook
Sell Zone: 64,800–64,900
Target 1: 64,000
Target 2: 63,600
Target 3: 62,500
Stop Loss: Above 64,950–65,000
Conclusion

Bitcoin is showing short-term bearish momentum after rejecting a key supply zone and confirming a bearish CHOCH on the 1-hour chart. The current setup favors a correction toward the nearby demand zones before the broader bullish trend potentially resumes. A break above 64,900 would invalidate the bearish outlook and shift momentum back in favor of buyers.