$BTC The structure is bearish. Price has retreated from a high of 81177 to around 76060, down about 5.5% in 24 hours, with net aggressive selling of about 19,000 coins. Over the past 4 hours, aggressive sell orders have seen a net outflow of about $230 million. The Bollinger middle band is at 78067, with the bands opening downward. The value area is 75639.2~80965, and price is moving close to its lower boundary. The cost basis center coincides with resistance around the POC at 76526.8, while a long cost wall of about $190 million also sits above 76538.9. A rebound to that level would give trapped buyers a chance to sell. The current price is close to the lower edge of the resistance wall, where selling pressure is concentrated, so short at market without waiting for a pullback. Set the stop-loss above 77012; a close back above this level would mean the rebound has turned into a genuine breakout and the bearish structure has failed. Target the liquidation cluster around the 96-hour low at 75264. Below that level, long liquidation fuel within the zone amounts to about $600 million, far greater than the roughly $270 million above, providing momentum for a continued decline. The main risk is the sizable liquidation fuel near 75189: if price rebounds quickly after a sharp drop, the short position could be stopped out, so leave room in the position sizing. #BTC #BTC Price Analysis