BTCUSD – Bearish Rejection Toward 77,911

Sep 9

BTCUSD is showing a bearish structure on the 1H chart. Price has been rejected from the descending trendline and is trading below the Ichimoku cloud, indicating continued selling pressure. The recent rebound failed near the resistance zone, followed by another bearish rejection.

As long as price remains below the descending trendline and resistance around **79,200–79,600**, sellers may continue pushing the market lower.

🎯 **Target 1: 77,911**
📌 **Resistance: 79,200–79,600**
📉 **Bias: Bearish / Sell**

A sustained break below the recent support could open the way for further downside.

Sep 9

Trade active

ACTIVE

Sep 14

Trade closed: target reached

my target is achieved