BTCUSD | Bearish Rejection & Downside Potential Setup
BTCUSD | Bearish Rejection & Downside Potential Setup
Fundamental View
Bitcoin is facing renewed selling pressure as markets prepare for the Federal Reserve’s September 15–16 policy decision. Expectations for a 25-basis-point rate hike have risen sharply, with markets pricing a very high probability of a hike. The increasingly hawkish policy outlook is supporting the U.S. dollar and keeping pressure on risk-sensitive assets such as Bitcoin
At the same time, the U.S. 10-year Treasury yield recently moved above 5%, reflecting tighter financial conditions and adding another macro headwind for crypto markets.
Technical View
On the 1H chart, BTCUSD has rejected the 79,000 area and broken lower from the recent recovery structure.
Price is now trading below the Supertrend and remains beneath the descending trendline. The 77,200–77,700 region is therefore an important resistance zone for the current bearish setup.
If sellers continue to defend this area and BTC breaks below the 75,500 support, the next downside liquidity zone comes into focus, with the broader bearish target around 72,000.
SMC View
From an SMC perspective, the recent rally toward the 79,000 area appears to have interacted with a double-top / buy-side liquidity zone before sellers took control.
The rejection from this premium area has created a bearish shift in short-term momentum. With sell-side liquidity resting below 75,500, a confirmed breakdown could provide the next downside expansion toward the 72,000 region.
This Move Is Supported By
• Hawkish Federal Reserve expectations
• Rising U.S. Treasury yields
• Stronger USD conditions
• Rejection from the 79,000 buy-side liquidity area
• Bearish 1H structure below the descending trendline
• Price trading below the Supertrend
• Potential sell-side liquidity below 75,500
Trading Scenario
Bearish Scenario:
If BTCUSD remains below the 77,200–77,700 resistance zone, sellers could continue targeting the 75,500 support.
A confirmed breakdown below 75,500 could expose the 72,000 area, where a larger reaction may develop.
Bullish Invalidation Scenario:
A sustained move above 77,700 would weaken the immediate bearish structure.
A decisive breakout and hold above 78,090 would invalidate this bearish setup and require a reassessment of the downside thesis.
Key Levels
Resistance: 77,200
Major Resistance: 77,700
Support: 75,500
Bearish Target: 72,000
Invalidation: 78,090
Professional Insights
The 77,200–77,700 region is the key decision zone for this setup. As long as BTC remains below this area and the descending trendline, the bearish structure remains in focus.
The most important confirmation would be a clean break below 75,500 followed by acceptance below the level. A temporary liquidity sweep should not automatically be treated as a confirmed breakdown; a sustained move or retest would provide stronger confirmation.
With the Fed decision approaching, volatility and false breakouts can increase significantly. The reaction to the Fed statement and forward guidance may be more important than the initial rate decision itself.
Risk Management
Avoid treating resistance or support as guaranteed reversal points, particularly ahead of a major central-bank event. Manage position size according to your individual risk tolerance and wait for price-action confirmation before acting on the setup.
The 78,090 level remains the key invalidation for this bearish thesis.
Disclaimer
This analysis is for educational purposes only and does not constitute financial advice. Market conditions can change rapidly, especially around major Federal Reserve events. Always conduct your own research and apply appropriate risk management.
TITradingView Ideas15 Sept