Bearish Rejection Could Trigger a Drop Toward Demand Zone

Jun 28

BTCUSDT is currently trading below a significant resistance zone around 60,600–60,900, where sellers have repeatedly defended price. The market structure remains cautious as price struggles to establish a higher high after the recent recovery.

The highlighted resistance area aligns with previous supply, making it a key level to watch for bearish confirmation.

Bearish Scenario

If Bitcoin fails to break and close above the resistance zone, a rejection could lead to a fresh bearish move. A lower high formation followed by bearish momentum may push price toward the highlighted demand zone around 58,900–59,200.

This demand area represents the next major support where buyers could attempt to regain control.

Key Levels
Resistance: 60,600 – 60,900
Current Price: ~60,140
Target (Demand Zone): 58,900 – 59,200
Trading Plan
Wait for bearish confirmation (rejection candle or lower high) inside the resistance zone.
Conservative traders may wait for a break below the recent swing low before entering.
The demand zone can be monitored for potential profit-taking or a possible bullish reaction.
Conclusion

BTC remains trapped below a strong resistance area. Unless buyers reclaim the highlighted supply zone with a convincing breakout, the probability favors a move lower toward the demand zone. Risk management is essential, as a breakout above resistance would invalidate the bearish outlook.

Jun 30

Trade closed: target reached

All target achieved successfully