The Elephant Jungle 2/27/26 Page 3BTCUSDT Perpetual ContractBYBIT:BTCUSDT.PRedElephant420So the Bulls got the bounce from the 786 Fib level. But somebody must have yelled make a U turn. Because price is already curling right back around. The Bears are stepping in and it looks like they are ready to take control of the day. They are already engulfing the previous day candle and setting their sights on taking out Wednesday’s low. That is not small. That is pressure. If this continues, I would be on alert for a long squeeze today. Let us zoom in a little more.