$BTC The structure is bearish, with the price trading near 68719 after breaking below the lower Bollinger Band at 69145. The middle band continues to move lower, and net aggressive selling over the past 24 hours is about 35,000 units. The cost basis is concentrated around the POC at 73869, forming a resistance zone together with the upper Bollinger Band at 73981 and the 20-hour high at 73604. A rebound to that area would be a selling opportunity. The current price has fallen out of the value area between 72517 and 75338. Rather than chasing shorts at the current price, place a short order at 73604, where the 20-hour high coincides with the resistance wall, and wait for the price to retrace into that area before entering. Set the stop loss at 73678, just outside the resistance zone; a move back above that area would indicate that the bearish structure has failed. The target is the previous low support zone at 68590, near the 96-hour low of 68521, which is the nearest genuine support below. The main risk is the heavy liquidation fuel near 68521; if the price drops sharply and then rebounds quickly, the short position may be stopped out, so the stop loss must be strictly enforced. #BTC #BTC Trend Analysis