$BTC looking increasingly bearish here. Price in a clear downtrend, spot selling through the entire move, and open interest grinding higher — that's fresh leverage piling in on the way down. Ugly combo.
This setup screams continuation lower unless buyers show up fast. Watching the $75K liquidity pool — likely gets swept this week if no bid materializes. Invalidation would be a hard reclaim above the recent swing high with volume, but right now the path of least resistance is down.
Not chasing shorts into the sweep, but if we get a clean flush to $75K and see capitulation in spot + OI rollover, that's where I'm looking to start building long exposure for the bigger 2027–2030 cycle. Pullbacks are accumulation zones if you're playing the long game.
This setup screams continuation lower unless buyers show up fast. Watching the $75K liquidity pool — likely gets swept this week if no bid materializes. Invalidation would be a hard reclaim above the recent swing high with volume, but right now the path of least resistance is down.
Not chasing shorts into the sweep, but if we get a clean flush to $75K and see capitulation in spot + OI rollover, that's where I'm looking to start building long exposure for the bigger 2027–2030 cycle. Pullbacks are accumulation zones if you're playing the long game.
