Elise | BTCUSD - Distribution to Bearish ContinuationBitcoin / U.S. dollarBITSTAMP:BTCUSDElise-Golden-SparksBTCUSD After the distribution phase, price delivered a strong bearish displacement, confirming sellers’ control. Although a temporary bullish reaction pushed price back toward the profit-taking zone, buyers failed to achieve acceptance above key resistance. The subsequent rejection and bearish Break of Structure (BOS) confirm that the recent upside move was corrective rather than trend-reversing. Key Scenarios ❌ Bearish Case (Primary) → As long as price remains below 90,950–91,000, downside continuation is favored. A sustained move lower may target 89,200, followed by the 88,800–88,000 liquidity pool, where resting buy-side liquidity is located. ✅ Bullish Case (Invalidation) → A strong reclaim and hold above 91,200, followed by acceptance above 93,500, would invalidate the bearish bias and open the door for a deeper recovery toward the prior distribution high. Current Levels to Watch Resistance 🔴: 90,950–91,200, 93,526, 94,400–94,800 Support 🟢: 89,200, 88,800–88,000 (liquidity pool) ⚠️ Disclaimer: This analysis is for educational and informational purposes only. It is not financial advice. Please conduct your own research before trading.