Market Context & Technical Overview: Pair: BTC/USD (1-Hour Chart, Bitstamp) Current Price: ~$64,732 Bitcoin has recently expanded upward following a accumulation range ($62,800 – $63,100) and a clear Market Shift Structure (MSS). Price pushed strongly through previous structure points to reach the critical Supply Zone located between $64,800 – $65,250. Trade Plan & Key Technical Elements: Supply Zone Reaction: Price is currently tapping into strong overhead supply/liquidity around $65,000. Bearish Setup: Anticipating a rejection from this supply block as buyers exhaust momentum near key resistance. Primary Target (TP1): $64,000 (Recent swing low/local demand) Secondary Target (TP2): $63,500 (Prior breakout level/liquidity pool) Execution Guidelines: Trigger: Look for lower-timeframe (5m/15m) Market Structure Shifts (MSS) or strong bearish engulfing candles inside the Supply Zone before taking entry. Invalidation / Stop Loss: A sustained 1-Hour candle close above $65,300 invalidates the bearish bias.
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