$BTC The structure is bearish, with price trading around 65823 between the lower and middle Bollinger Bands. The middle band at 66694 continues to slope downward. Over the past 24 hours, net aggressive selling totaled about 26,000 coins, and the price fell roughly 4.4% on the day. The on-chain cost-basis POC is at 65405.2, coinciding with the lower edge of the value area and the nearest support. The current price is hovering less than 1% above this level, while around $100 million in long liquidation fuel is stacked near 64628.8 below. Overhead, the area from 66931.1 to 66940.3 is capped first by a long cost wall of about $93 million and resistance. Further up, the upper Bollinger Band at 68300 and the 20-hour high at 68373 form the main resistance zone; a rebound there would be a selling opportunity. The current price is too close to support, making the risk-reward of chasing a short unattractive. So rather than entering at the current price, place a short order at the upper Bollinger Band at 68300 and wait for a pullback into the main resistance zone. Set the stop-loss at 68368; if price establishes itself above that level, it would mean the bearish structure has failed. The target is 65022, below the 65405.2 support, at the first significant level beneath it. The main risks are a short-term return of buying pressure that drives the pullback above 68368 and triggers the stop, or price breaking below 65405.2 without a pullback, leaving the order unfilled. #BTC #BTC Trend Analysis