$BTC On LTF, we can clearly see that every time price taps the key bearish continuation level (72,777), bears step in aggressively and reverse it almost instantly.

This kind of sell pressure from a major level is a strong sign of potential reversal, especially with the trend showing signs of exhaustion (DMI, RSI, MACD).

A pullback from here is obvious and the first area I’m watching on the downside is the 70k-68.8k region. If we start holding there, I’ll consider hedge longs. However, a clean break below that zone opens the room for a move towards 66k-65k.

For now, my bias remains bearish and I’m holding onto my short.