BTCUSD (Bitcoin) – 3H Bearish Breakdown & Resistance Rejection

Price has broken down below the channel support and retested the broken zone, which is now acting as a strong Resistance Area (63,487 - 63,902). The overall structure remains bearish as long as price trades below this resistance.

Trade Plan:

• Entry: Market Price / Below 62,600
• Stop Loss: 63,950
• Take Profit 1: 60,994
• Take Profit 2: 59,055

Invalidation: A strong 3H candle close above 63,900 will invalidate this bearish setup.

Note: Always practice proper risk management. This analysis is for educational purposes only.