$BTC lost the 76.2K PML as the broader market faced a sharp selloff. Stocks took a hit, and Bitcoin followed, correcting to around 75.2K. Price is now trading below the 76.2K PML, which has turned into resistance. After a move like this, staying objective and avoiding emotional decisions is important. Open interest shows plenty of shorts entered during the dump, suggesting some traders are chasing the downside. If BTC reclaims local structure, we could see a short squeeze. However, if price keeps rejecting the PML and NFP triggers another selloff, I'd rather wait for the market to establish a local bottom before looking for longs. I'm not shorting here. For continuation shorts, I'd prefer a quality retest higher or a fresh range after another breakdown. The red zones on the chart mark potential long targets, but both could also act as resistance. Ideally, I'd like to see BTC sweep the 74.9K September low before a relief bounce. For now, it's pre-NFP chop. I'm staying on the sidelines until after the release rather than forcing a trade. #BTC Price Analysis# #Macro Insights#