BTC/USD Bearish Rejection |65,390 Resistance Holds 63,986 Target
BTC/USD 15M — Bearish Setup 📉
Market Structure: Price is trading inside a rising channel, but it is approaching a strong resistance/supply zone around 65,150–65,390.
🔴 Short Setup
Entry Zone: 65,150–65,200
Stop Loss: 65,392
Target: 63,986
Bias: Bearish below 65,390
Technical Reasoning
Price is respecting the upper channel resistance.
The 65,150–65,390 area acts as a major supply/resistance zone.
A rejection from this area could trigger a move back toward the lower side of the channel.
63,986 is the major downside target shown on the chart.
Trade idea: Wait for a clear rejection/ bearish candle around resistance before entering the short. Risk management is essential.