BTC · 1H · DOWNTREND

The structure here is about as clean a downtrend as I see — from the ~$85K high in early May, price has printed a relentless series of lower highs and lower lows all the way to current ~$64,024. The sell-off steepened dramatically from May 28 onward with near-vertical price action and heavy volume, meaning this isn't a slow bleed — it's capitulation-grade momentum. There's no base forming yet, no consolidation, no sign of demand stepping in. Headlines confirm the narrative: capital rotating out of BTC into AI plays, February lows back in focus, and the $66K–$67K level already surrendered with momentum. My bias is short until structure changes.

Setup: SHORT

- Entry: $65,000 (first meaningful dead-cat bounce into prior breakdown zone)

- Stop Loss: $66,500

- Take Profit 1: $62,000

- Take Profit 2: $59,500

- Risk/Reward: 2.0:1

- Confidence: HIGH