$BTC The structure is bearish, with price trading near 65,678 along the lower Bollinger Band. The middle band at 67,223 continues to move lower, while 24-hour net aggressive selling is around 20,000 coins and the daily decline is about 4.4%. The on-chain cost-basis POC at 65,294.9 coincides with the lower edge of the value area and the nearest support. The current price is hovering less than 1% above this level, with roughly $90 million in long liquidation fuel clustered around 62,950 further down. The upper Bollinger Band at 68,826, resistance at 69,126.1, and a long cost wall at 69,075.6 worth around $86 million combine to form a resistance zone; a rebound to that area would be a selling opportunity. Since the price is hugging the lower band and is too close to support, the risk-reward for shorting immediately is poor. So instead of entering at the current price, place a short limit order at the upper Bollinger Band at 68,826 and wait for a pullback into the resistance zone. Set the stop loss at 68,894; if price holds above that level, it would mean the bearish structure has failed. The target is 65,110, below the 65,294.9 support, at the first meaningful level beneath it. The main risks are that 1-hour aggressive buying turns into net inflows of around $21 million and price breaks directly above the resistance zone, triggering the stop on the limit order, or that price continues falling without a pullback, leaving the order unfilled. #BTC #BTC Price Analysis