【$BTC Signal】Short Position + High-Level Distribution Structure

$BTC forms a volume-driven decline structure after high-level consolidation on the 4H timeframe, with the price breaking below key support. Taker sell volume is significant, buy order depth is thin, funding rates turn negative but open interest remains stable, indicating that the main force is distributing at high levels rather than purely liquidating longs.

🎯 Direction: Short

The price repeatedly tests around 69.5k, but each rebound's high point moves lower, with selling pressure persisting. The 4H candlestick shows the buy/sell ratio remains near equilibrium (0.45-0.54) during declining candles, indicating a lack of active buying support during the decline, which is a passive downtrend. The order book shows a sell wall at the first level (69,589.5) with nearly 5 BTC accumulated, forming a clear resistance barrier.

Hardcore logic: The price fell from a high of 72.3k, breaking below the psychological level of 70k and previous support lows, indicating structural weakening. Stable open interest amid falling prices, combined with negative funding rates, usually points to a "healthy" downtrend dominated by bears rather than panic liquidations. Market logic suggests "main force offloading," consistent with the data. Currently, there is no clear demand zone support; wait for a clearer structure or volume-driven reversal signal.

Trade here 👇 $BTC

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