The present invention is directed to a method and apparatus for decoding a bitstream for a video signal. More specifically, the present invention is directed to a method comprising determining a motion vector candidate set of a current block; obtaining motion vector indication information of the current block from the bitstream; determining a motion vector indicated by the obtained motion vector indication information from the motion vector candidate set of the current block as a predicted motion vector of the current block; and performing motion compensation on the current block based on the predicted motion vector, and an apparatus therefor.