#BTCRebound $BTC Market Structure:

Clear shift from bullish to bearish:

CHoCH followed by a BoS to the downside confirms bearish control.

Currently trading at a key support level around $95,750–$95,800.

🔻 Bearish Signs:

Downtrend structure with consistent lower highs and lower lows.

Price is beneath the descending trendline and rejected at minor supply near $96,500.

Last BoS confirms continuation of downtrend.

🧊 RSI Analysis:

RSI: 27.35 (oversold)

Suggests short-term relief bounce possible, but no reversal confirmation yet.

RSI divergence is not confirmed — price and RSI are aligned downward.

🔍 Key Zones:

Support (demand zone): $95,500 – $95,750

If this breaks, next support is likely around $94,800.

Resistance (supply): $96,500 – $96,900

Aligned with descending trendline and previous swing highs.

⚠️ Trade Implication:

🔴 Bearish Bias Active

Entry (short): On minor pullbacks to $96,300–$96,500 (trendline retest)

Stop Loss: Above $96,900

Targets:

TP1: $95,500

TP2: $94,800

TP3: $94,000

🟡 Bounce Scenario (Risky Long):

Entry: On bullish price action above $95,800 (oversold RSI bounce)

Stop Loss: Below $95,500

TP: $96,500 (trendline + supply test)

Summary:

⚠️ $BTC shows clear short-term weakness

📉 Structure + momentum = bearish bias

🔄 Only consider bullish trades if price reclaims $96,500+ with strong volume