$BTC The structure is bearish. Price has fallen from the 96-hour high of 75573 to around 69349, trading near the POC at 68937.5 and the lower edge of the value area. The Bollinger midline continues to move lower, and net aggressive selling over the past 24 hours is about 31,500 coins. The 20-hour high at 72071, the upper Bollinger Band at 72708, and resistance at 72982.5 form a resistance zone. Along the way up, around 71362.4, there is also about $54.74 million in short liquidation fuel, which could add momentum to a rebound. The current price is near the lower edge of the value area and still some distance from the resistance zone, so don't chase a short at the current price. Instead, place a short order at the 20-hour high of 72071 and wait for the price to rebound to that area before entering. Set the stop-loss at 72143; if the price holds above that level, it means the bearish structure has failed, so exit and accept the loss. The target is 67541, where support from the lower Bollinger Band coincides with the 96-hour low of 67474. The main risks are that the price may not rebound far enough to fill the limit order, or that liquidation-driven buying may push it straight through the resistance zone and trigger the tight stop-loss. There is a long liquidation cluster worth about $59.87 million around 66508.6 below; a sharp wick down followed by a quick recovery could also easily trigger the stop. #BTC #BTC Price Analysis