Bitcoin— Rising Trendline Breakdown | Bearish Pullback Setup

Bitcoin— Bitcoin סhas broken below the rising trendline that supported the 1H structure for an extended period.

The breakdown was followed by strong bearish momentum, shifting the short-term market structure toward the downside.

The key area now is the 64,400 zone.

After the breakdown, this area can act as a retest / pullback resistance. Instead of chasing an extended bearish move, I would prefer to see price return toward 64,400 and show bearish rejection or continuation confirmation.

Bearish Scenario

The short setup is based on continuation below the broken trendline.

BTCUSDT Bitcoin (1h) (Futures)

Sell now or sell on 64400.0
SL @ 64900.0
TP1 @ 63000.0
TP2 @ 62550.0
TP3 @ 61600.0

The first target is 63,000, followed by the 62,550 area, which is close to the major support zone marked on the chart.

The 62.5K area is an important support, so price action around this region should be monitored carefully rather than assuming an uninterrupted decline toward TP3.

Invalidation

A move back above 64,400 alone would not necessarily invalidate the entire bearish idea, but it would weaken the immediate continuation setup.
The defined invalidation for this trade is:
SL: 64,900
A sustained recovery above the broken structure would increase the probability that the breakdown was a false move.

Trade Management

Because the breakdown has already produced a significant move, chasing the current price carries more execution risk.
The cleaner setup is a pullback → rejection → continuation.
If price does not provide the expected confirmation, there is no need to force the trade.
This is a short-term Futures setup, while the market can still react strongly around major support levels.

Risk Warning: Futures and leveraged trading involve a high level of risk and can result in significant losses. This analysis is for educational purposes only and is not financial advice. Always manage position size and risk according to your own trading plan.