$BTC technical picture hasn’t changed much.

A bearish formation is still in place, threatening a move toward the $78–80K area. We broke down and are now stalling — if price stays here for a day or two, the probability of a continuation of the downtrend increases. At the same time, the broader, global picture looks different, and for now I’m still oriented toward trend continuation.

Bulls shouldn’t hesitate — they need to keep pushing price toward $106K, while long positions should be protected with defensive stop orders. There is a strong skew toward potential long liquidations, with a 16:2 ratio — an extreme imbalance.