$BTC structure still favors sellers. Unless we reclaim $81.1k, expect more downside.
Two levels I'm watching for rejection:
1. $76.2k–$76.6k breakdown zone — we're retesting it right now
2. $78.6k — my short zone if we bounce
Late shorts piled in chasing the move, so wouldn't be shocked to see a small relief squeeze. But my main target is still the September low at $74.9k — clean liquidity sitting there unswept.
If we break lower, I'm watching $72k–$71k for a bounce setup.
Structure is structure. Until $81.1k reclaims, bias stays short.
Two levels I'm watching for rejection:
1. $76.2k–$76.6k breakdown zone — we're retesting it right now
2. $78.6k — my short zone if we bounce
Late shorts piled in chasing the move, so wouldn't be shocked to see a small relief squeeze. But my main target is still the September low at $74.9k — clean liquidity sitting there unswept.
If we break lower, I'm watching $72k–$71k for a bounce setup.
Structure is structure. Until $81.1k reclaims, bias stays short.