$THE 9x Volume Dump Signals Distribution Into Breakdown
My bias remains bearish on the 1H. The aggressive 9x volume sell-off looks more like distribution and breakdown continuation than a completed panic flush. With 1H structure forming lower highs and weekly plus BTC remaining bearish, sellers still have the advantage. Daily structure is bullish, so this remains a counter-trend short.
I expect price to test 0.0705 first, followed by 0.0691–0.0689 if 0.0705 breaks decisively.
Entry Zone: 0.0738–0.0756
Wait for a failed reclaim, rejection wick, bearish engulfing candle, or lower-timeframe structure shift before entering. Avoid chasing the red candle.
Take Profits: 0.0705 → 0.0691 → 0.0689
Protection: Above 0.0795, beyond the structure flip.
Invalidation: A 1H close above 0.0795 would invalidate the bearish setup and shift my bias bullish.
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