$BTC The structure is bearish, with the price trading near the lower Bollinger Band around 73326 and the middle band continuing to move downward. Net active selling over the past 24 hours is about 17,500 coins, while active funds show net outflows of about $210 million on both the 1-hour and daily time frames. The cost-basis cluster is concentrated around the POC at 74722, overlapping with a long-cost wall of about $170 million near 74622.4. Above that, the 20-hour high at 75401 and about $210 million of underwater positions near 75478.1 form another layer of resistance. Together, these create a resistance zone from 74600 to 75500, where any rebound would present a selling opportunity. The current price is hugging the lower band, so do not short at the current price; instead, place a short order at the POC at 74722 and wait for a pullback into that area. Set the stop-loss beyond the resistance wall at 74797; a move back above that level would invalidate the bearish structure. The target is the deep long liquidation zone at 72883, which roughly coincides with the lower edge of the value area at 72898.3. This is the first meaningful structural support below, with another cluster of long liquidations worth about $170 million near 72055.6. The main risk is that short-term buying is still flowing in and the price could break straight through the resistance zone, triggering the stop on the pending order. If the price fails to break decisively below 72883, it may continue to fluctuate within the range. #BTC #BTC Price Analysis