Chart: BTC/USD, 45-minute timeframe (OANDA) with Supertrend (10, HL2, 3)

Current Market Structure
Price: ~64,160
Supertrend: Bullish (green), currently around 63,568, meaning the broader intraday trend remains positive.
Price has been making higher lows and higher highs since the August 3 low, indicating an uptrend.
Resistance Zone

The highlighted red zone is approximately:

64,540 – 64,990

This is a strong resistance area where sellers may enter.

Support Levels
Immediate support: 64,000–64,100
Major support: 63,570 (Supertrend)
Next support: 63,380

A break below these supports would strengthen bearish momentum.

Trade Idea Shown on the Chart

The drawing suggests a short setup.

Entry

Around:

64,200–64,350
Stop Loss

Above:

64,990

This protects against a breakout above resistance.

Target

Primary target:

63,380

Potential reward is larger than the defined risk if price rejects resistance.

Why This Setup Makes Sense
Price is approaching a previous resistance area.
A rejection could create a lower high.
The projected move anticipates a pullback toward support.
What Would Invalidate the Bearish Idea?

If BTC:

Breaks above 64,990, and
Closes several 45-minute candles above that level,

then the bearish setup loses validity, and continuation toward 65,200–65,500 becomes more likely.