Bitcoin Enters Elevated Bear Pressure Mode Amid Market Shift
$BTC is experiencing a clear deterioration in its market structure, signaling a transition into a "risk-off" phase. Both key indicators, the Structure Shift composite and Bull-Bear Index, have entered bearish territory, suggesting heightened caution is necessary. Currently, Bitcoin's price has dropped to the lower boundary of the 21-day Donchian Channel, testing support near $85,000.
The Structure Shift composite signal sits at -0.5, confirming the dominance of the bearish regime. The Bull-Bear Index shows growing pressure from derivatives, with the bullish component dropping to minimal levels. This suggests short-term momentum is now in favor of the bears, and spot demand is insufficient to offset derivatives market pressure. The main risk today is a breakdown of $85,000 support, which could trigger a deeper correction.
