BTC lost the previous rising channel, then started forming another ascending structure below a major resistance zone around $83k–$84k. That reclaim never happened.
Instead:
Price got rejected exactly from the marked supply zone
Failed to reclaim key market structure
Trapped late longs inside a weak ascending channel
Then collapsed aggressively
This is why reclaim levels matter more than temporary pumps.
A lot of traders confused relief rally with trend reversal.
But structurally:
Lower highs remained intact
BTC stayed below macro resistance
Momentum weakened into resistance instead of expanding through it
This rejection might confirm the entire move as a bull trap.
Now BTC is sitting in a dangerous area after a vertical breakdown.
If buyers fail to reclaim lost structure quickly, market can continue bleeding toward lower HTF support zones.
NFA
