$BTC The structure remains bearish, with price around 75917. The Bollinger Bands’ downward trend is unchanged. The short-term rebound has moved back above the middle band at 75832.5 and is approaching the upper band around 76026. The cost-basis center is anchored at the POC of 76359.8, which combines with the Bollinger upper band and the 20-hour high at 76235 to form a resistance zone. Trapped longs worth about $1.14 billion above this zone face heavy breakeven selling pressure, making a rebound into that area a selling opportunity. Support lies at the lower value-area boundary at 75474.2, where a long cost wall of about $230 million also sits. However, the long liquidation fuel within the band below is about $630 million—far greater than the roughly $200 million in shorts above. With price trading near the lower value-area boundary, the downward pull is stronger, so there’s no need to wait for a pullback: short at market around 75917. Place the stop just above the Bollinger upper band at 76102; a sustained move above this level would signal that the rebound is gaining strength and the bearish structure has failed. Target the deep long liquidation zone at 74917; around 74588.5, another cluster of long liquidations worth about $78 million could provide support. The risk-reward ratio is about 5.4. The main risk is that short-term buying is still flowing in: aggressive buyers account for 64% of activity over four hours, with net inflows of about $21 million. Price could break straight through the resistance zone and stop out the short, or rebound quickly after a sharp drop and trigger the stop. #BTC #BTC Trend Analysis