BTCUSD H1 Breakdown Risk | 68,600 Sell Toward 62,000

On the H1 timeframe, BTCUSD continues to show a bearish market structure. Although price briefly broke the short-term bearish trendline, the move failed to sustain. Price faced a clear rejection below the 200 DMA, confirming that higher levels are still being sold. The RSI around 37–40 indicates weak bullish momentum and supports the bearish continuation bias. Additionally, the Fixed Range Volume Profile (FRVP) high-volume area is being respected as a strong resistance zone, keeping selling pressure active.

Trade Setup
Sell Entry: 68,600
Stop Loss: 71,500 (Above 200 DMA and resistance zone)
Target: 62,000 (Previous demand zone / liquidity retest)

As long as price remains below the 200 DMA and FRVP resistance, the downside scenario remains valid, with a high probability of a retest toward the 62,000 level.

Disclaimer
This analysis is for educational and informational purposes only and does not constitute financial advice. Trading cryptocurrencies involves significant risk, and market conditions can change rapidly. Always conduct your own analysis and use proper risk management before entering any trade. The author is not responsible for any financial losses incurred.