$BTC — Market Update
Price attempted to close the upper gap but stalled in the middle of that zone — a behavior that more strongly supports the idea of continuation to the downside rather than immediate reversal.
Yesterday, price tested the 2026 opening level at 87,648.21.
To guide the market in case the decline continues, I projected the downward range of the last upward expansion — a simple but often highly effective tactic.
Notably, the midpoint of this projection aligns with the midpoint of the annual gap, which is more clearly visible on the yearly chart.
Another important detail:
The recent drop came with a strong increase in open interest, suggesting that new long positions are being opened. However, this is not a signal to rush in.
Large players rarely enter all at once.
They build positions gradually and in increments — and in many cases, that process itself can push price lower before a real reversal forms.
📌 Key levels to watch:
• 2026 opening level — 87,648.21
• 2024 low — 80,600.00
• Upper boundary of the annual gap — 74,478
• Midpoint of the gap — 71,775
This remains a market for patience, not aggression.
#BTC #bitcoin #Binance #MarketRebound
