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BTCUSD 
BTCUSDT.P BTC1!This is how I am looking at the chart—a short BTC Analysis (1-Day).
Trend: Short-term bearish after breaking the ascending trendline.
Key Levels:
- Resistance: $97,697, $106,033, $109,420
- Support: $94,775, $89,985 (Bullish OB), $87,114, $81,437 (CME Gap), $76,950
Key Observations:
- Break of Structure: BTC lost trendline support, signaling bearish momentum.
- Liquidity & FVGs: Major fair value gaps (FVGs) at 81K–76K, increasing downside risk.
- CME Gap at 81K: High probability of price filling this zone.
- Volume: Selling pressure remains strong.
Outlook:
- Bullish Rebound: If BTC holds
87K–
89K, a relief bounce toward 
97K+ is possible. - Bearish Continuation: A break below
87K could accelerate drops to 81K–76K (CME GAP). Bias: Bearish unless BTC reclaims
97K+.
