BTCUSD Bearish Rejection from Supply Zone

Mar 27

The chart shows **BTCUSD on the 1H timeframe** rejecting strongly from a marked **supply zone** near the 71,000–71,500 region. Price formed a rising structure into this zone but failed to sustain momentum, leading to a clear **bearish reversal**.

After rejection, the market broke structure to the downside and started forming **lower highs and lower lows**, confirming bearish control. The presence of **Fair Value Gaps (FVGs)** above indicates inefficiencies left behind, but price failed to revisit them, showing strong selling pressure.

The downward trendline highlights consistent rejection and continuation, suggesting sellers are dominating the market. Price is now moving toward a key support level.

**Target:**

* 🎯 **Primary Target:** 67,368 (major support / liquidity zone)
* 📉 If momentum continues, price may sweep liquidity below this level before any potential bounce

**Bias:** Bearish below 70,000 with continuation toward lower liquidity zones.

Mar 27

Trade active

Trade active

Mar 28

Trade closed: target reached

My given target has been successfully achieved