$BTC The structure is bearish, with price trading around 71451 between the lower and middle Bollinger Bands, closer to the lower band. The middle band continues to slope downward. Over the past 24 hours, aggressive trading has resulted in net selling of about 14200 coins, and the current price has fallen below the lower edge of the value area at 73037.8. The cost basis is concentrated around the POC at 73824.5, which, together with the 20-hour high at 73708 and the upper Bollinger Band at 74099.5, forms a resistance zone. A rebound into that zone would be a selling opportunity. Don’t chase a short at the current price; instead, place a limit order to short at the 20-hour high of 73708 and wait for price to pull back into that area. Set the stop loss at 73781.7. If price holds above that level, it would indicate that the rebound has turned into a genuine breakout, invalidating the bearish structure. The target is 71161, for a risk/reward ratio of about 34.5; close the short if price falls back to that level. The main risks are that price weakens without pulling back, leaving the limit order unfilled, or that thick liquidation liquidity near 71090 triggers a sharp drop followed by a quick rebound that stops out the short. #BTC #BTC Trend Analysis