🔄 Comparison with the erstwhile investigation (baseline from Nov 29)
In the erstwhile breakdown, I highlighted that the 91.8–93.5k MB/BPR portion was the cardinal absorption and that buyers lacked the spot to interruption supra it. I besides mentioned that without bullish momentum, the marketplace mightiness instrumentality to little liquidity zones.
That’s precisely what happened: terms tapped the MB zone, reacted, formed a anemic CHoCH connected the 4H, and past dropped sharply, breaking supports and tagging a caller FVG/PFL area.

🌍 Structure
On the play chart, BTC continues trading wrong the large bearish OB — nary signs of a existent reversal, and candles amusement absorption from above. The regular remains firmly bearish: repeated BOS to the downside and nary structural shift. The caller bounce stalled wrong MB/BPR and was afloat engulfed by the adjacent candle.
On the 4H, the marketplace made a caller PFL, followed by a beardown bearish impulse from the section FVG — a wide motion of purchaser weakness. Liquidity present lies lower: 86–85k, past 82–80k, wherever a higher-timeframe OB and FVG clump stay untested.

🎯 Trade thought
The script remains bearish. The optimal portion to look for shorts is simply a retest of 89–90k, wherever the caller BPR + FVG clump sits. A caller confirmation of weakness could unfastened continuation toward 86k, and past 82–80k — the adjacent large liquidity and HTF OB.
A agelong becomes valid lone if terms decisively reclaims 93.5k with beardown 4H closes supra MB. That would unfastened the way toward 96k and 100k. For now, operation is afloat bearish and buyers stay weak.

⚠️ Important
This investigation is not fiscal proposal oregon a trading signal. Crypto markets are high-risk — marque autarkic decisions, behaviour your ain probe (DYOR), and negociate hazard properly. Published for acquisition purposes and SMC study.