$BTC The structure is bearish, with price trading near the lower Bollinger Band around 64076 and the middle band continuing to slope downward. Net aggressive selling over 24 hours totaled about 44,000 coins, while net aggressive sell outflows over 4 hours were about $200 million. The center of the cost basis zone is concentrated around the POC at 65197.3, which overlaps with short-term resistance at 64449.8 and a long-position cost wall of about $130 million, forming the first layer of selling pressure. Further up, about $21 million in short liquidation fuel is clustered near 67440, which aligns with the 20-hour high at 67486 and marks the likely end of a rebound. A bounce to that area would be a selling opportunity. The current price is hugging the lower band, so chasing a short here is not ideal. Rather than entering at the current price, place a short order at the 20-hour high of 67486 and wait for price to rebound to that area. Set the stop-loss above 67553; a sustained move above that level would invalidate the bearish structure. The target is near the 96-hour low at 63335. Further down, a long liquidation cluster worth about $84 million sits around 62954.7, and a move lower could easily sweep that liquidity. The main risks are that buying has recovered somewhat over the past 6 hours and price may weaken without pulling back, leaving the limit order unfilled, or that a sharp drop into the target zone is followed by a quick rebound that stops out the short. #BTC #BTC Trend Analysis