$BTC 4H BEARISH CONTINUATION — ICT/SMC + ELLIOTT + FIBONACCI TRADE PLAN
$BTC is showing a bearish continuation bias after rejection from the 64,700–65,000 supply region. On the 4H chart, price remains below the recent 66,924 swing high, while the decline from that peak resembles an Elliott Wave C correction within a broader range. ICT/SMC structure favors shorts after the 1H bearish displacement and liquidity sweep beneath 64,000. Fibonacci retracement of the 57,758–66,924 impulse places key supports near 63,423 (38.2%), 62,341 (50%), and 61,260 (61.8%). A sustained break below 63,788 strengthens downside delivery. Preferred entry is a retrace into 64,400–64,800 bearish order block/FVG, with invalidation above 65,350. TP1 63,423, TP2 62,341, TP3 61,260. If price reclaims 65,350 with strong displacement, cancel shorts because the bearish thesis weakens. Manage risk conservatively and wait for confirmation before entering any leveraged position.
Trade $BTC here 👇🏻👇🏻
$BTC is showing a bearish continuation bias after rejection from the 64,700–65,000 supply region. On the 4H chart, price remains below the recent 66,924 swing high, while the decline from that peak resembles an Elliott Wave C correction within a broader range. ICT/SMC structure favors shorts after the 1H bearish displacement and liquidity sweep beneath 64,000. Fibonacci retracement of the 57,758–66,924 impulse places key supports near 63,423 (38.2%), 62,341 (50%), and 61,260 (61.8%). A sustained break below 63,788 strengthens downside delivery. Preferred entry is a retrace into 64,400–64,800 bearish order block/FVG, with invalidation above 65,350. TP1 63,423, TP2 62,341, TP3 61,260. If price reclaims 65,350 with strong displacement, cancel shorts because the bearish thesis weakens. Manage risk conservatively and wait for confirmation before entering any leveraged position.
Trade $BTC here 👇🏻👇🏻