“This is not a bounce. This is a pause.”

$BTC just went through a liquidation-driven selloff.

The long lower wicks on the 1H chart show forced selling getting absorbed, not aggressive dip-buying.

Price is now stabilizing below the previous range, which tells us:

• Bears are losing momentum

• Bulls are not in control yet

• Market is waiting for direction

BTC

69,295.91

-9.02%

This zone decides:

• Range re-entry → recovery

• Rejection → next leg down

Until BTC reclaims structure, volatility > direction.

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