As I see it -
✅ Breakout Level: $108,700
*Why this level?
-It’s the highest auctioned price with the largest cluster of trapped aggressive buyers.
-Multiple candles show stacked positive delta into this region but no follow-through.
-There’s clear absorption above $108,500 — meaning buyers tried and failed. If this level is reclaimed with aggressive delta, it marks a true breakout.
🔐 Breakdown Level (Bearish Reversal)
⚠️ Breakdown Level: $107,000
*Why this level?
-This is the lower edge of the volume shelf and first failed support test.
-Clear sell imbalances are now showing up below this level.
- Delta flips strongly negative around this region in recent candles indicating control shifting to sellers.
⚠️ Secondary Breakdown Confirmation: $106,300
-This level had the last major buyer defense, with positive delta +230, but no continuation.
-If price breaks and sustains below this zone, those longs are officially trapped and may fuel a long liquidation selloff.
