Both Bitcoin and Ethereum experienced a sharp decline during today’s session, driven primarily by global risk aversion, liquidity withdrawal from speculative assets, and cascading derivatives liquidations. Despite the intensity of the sell off, current price behavior indicates that both assets are testing significant demand zones that could produce a short term relief move. Bitcoin Market Structure Analysis (BTC/USDT, 30 Minute) Bitcoin broke below its intraday consolidation

The $68,000 zone is not just another number on the chart. It is a technical and psychological level where buyers and sellers are fighting for control. What happens here could decide the short-term direction of the entire crypto market. Is this a bounce opportunity or the start of a deeper correction? Let’s break it down with data, not emotion. Data and Explanation 1. Market Structure On the 4-hour and daily time frame: Higher highs are slowing down Momentum is compressing Vol