Your read on $BTC makes sense given the current structure. Hereโs a clean, trader-focused breakdown aligned with what the chart is showing ๐
Market Structure Update โ $BTC
Price failed to hold the 88K region, showing weak acceptance.
Every bounce is coming with low volume, which confirms no real demand.
The purple zone = strong supply / resistance, and price is repeatedly rejected there.
Key Levels
Resistance: 89,000 โ 94,000
These levels are acting as distribution zones, not breakout zones.
Support: 84,400
This is the line in the sand.
Scenario Outlook
As long as BTC stays below resistance, the trend remains bearish.
A clean break and close below 84,400 would likely:
Trigger stop losses
Increase sell-side momentum
Open the door for a deeper continuation down
Important Context
Current upside moves look like relief bounces and position unwinding, not accumulation.
No confirmed reversal pattern yet (no strong higher low, no volume expansion, no momentum shift).
Bottom line Until BTC reclaims resistance with volume, rallies should be treated as: ๐ Risk management opportunities, not fresh longs.
Patience here is a position.
Let the market show strength before trusting upside. ๐๐
