$BTC is trading around 69–70K, slightly lower than yesterday, but the overall structure remains the same. Price is still moving in a corrective range after the breakdown from 80K+, and strong supply sits at 71.5–73K. As long as this zone holds, upside remains limited.
From a market structure & futures view, conditions are still deleveraging. Open interest is declining, funding is neutral to weak, and price action is driven more by liquidity and positioning than real spot demand — leading to choppy, volatile moves.
📌 Short-term bias: slightly bearish
Expect sideways to lower price action with fake moves, unless BTC reclaims key resistance with strong volume.
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