$BTC — Structural Read
• HTF trend still down. No debate there.
• Price rejected hard from the 90–94k supply zone. That move failed fast.
• We’re now trading below all key MAs on 1H / 4H / 1D. Structure is weak.
• Open Interest expanded into the drop → positions got trapped, not conviction.
• The flush toward ~80.8k cleared weak longs. What followed is reaction, not reversal.
Current state:
• Price is compressing between ~83k–84k.
• RSI is depressed → selling pressure slowed, but buyers are not stepping in.
• This is not strength. This is absence of follow-through.
What’s next (structure-based):
• Above ~84.5k: short-term relief only, still counter-trend.
• Lose ~82.8–80.8k: opens space for another expansion leg down.
• Until HTF levels are reclaimed, every bounce is suspect.
No entries.
No hero trades.
Let structure speak first.