$BTC The structure is bearish, with the price trading near 73822 along the lower Bollinger Band and the middle band at 75105.8 continuing to move lower. Over the past 24 hours, aggressive net selling has totaled approximately 5,300 coins, including about $100 million in aggressive net selling over the past hour, with sellers remaining firmly in control. The price has slipped below the lower edge of the value area at 74252.6. The cost-basis concentration is centered around 75975.1, overlapping with the long-position breakeven cost wall of approximately $210 million near 75924.7 and the 20-hour high at 76173 to form a resistance zone. Any rebound to that area would be a selling opportunity. The current price is still about 3% below the resistance zone, so entering a short directly at the market is not ideal. Instead, place a short limit order at the POC level of 75870.5 and wait for the price to pull back to that area. Set the stop-loss at 75946.4; if the price regains and holds above that level, the bearish structure will have failed. The target is the previous low support zone at 73530.5, with approximately $72 million in long liquidation liquidity clustered near 73391.4 below. A break below this level could trigger a chain of liquidations. The main risks are a short-term rebound in buying that pushes the price straight through the resistance zone and triggers the stop on the limit order, or a sharp drop that hits the target before quickly rebounding to take out the stop-loss. #BTC #BTC Market Analysis