$BTC The structure is bearish, with price rebounding from around 75316 to above the Bollinger midline and nearing the upper band at 75604.6, while the midline continues to slope downward. Net aggressive selling over 24 hours is about 4,200 coins. The cost-basis concentration is centered around the POC at 75736.2, which aligns with the 20-hour high of 75573 to form an overhead resistance zone of 75573–75736. The first support below is at 74857.8, with the value-area low at 73979.3. The liquidation structure is also bearish: within the band, downside long-liquidation fuel totals about $690 million, significantly more than the roughly $310 million in upside short liquidations. A break below support could open up room for a cascade. Aggressive buying has returned over the past 1–4 hours (about $37 million in net inflows over 1 hour), pushing price back toward the resistance zone, so short at market at 75316. Place the stop above the resistance zone at 75648.6; a sustained move back above that area would invalidate the bearish structure. Target the first structural support at 74675.3, for a risk-reward ratio of about 1.9. The main risk is continued short-term buying, driving price directly above 75649 and stopping out the short. If that happens, do not hold on; wait for the structure to be reconfirmed before re-entering. #BTC #BTC Trend Analysis