BTCUSD BearishBitcoin / US DollarCOINBASE:BTCUSDbbqgioBTCUSD remains in a confirmed daily downtrend after the $127,500 peak, with a clear MSS followed by multiple bearish BOS and a firmly bearish MA stack (MA20 < MA60 < MA120). That said, late November brought a volatility contraction, and price has been digesting inside a clean range between $85,000 support and $95,000 resistance—a classic pause that often resolves in the direction of the larger trend. The primary path stays bearish while price is capped below $95,000–$95,500 and the MA20 (~$90,558) acts as dynamic resistance. A decisive daily close below $85,000 is the trigger that ends the range and favors continuation, with downside focus toward $77,000 as the next logical objective. If that breakdown fails and BTC reclaims higher ground, the bearish continuation idea is weakened. The alternative scenario is a counter-trend squeeze: a daily close above $95,500 would shift short-term momentum and open a run toward $98,292 (MA60) and potentially $105,500. Until then, treat the current structure as a bearish range with defined edges and clear invalidations. This is a study, not financial advice. Manage risk and invalidations. Thought of the Day 💡: The best trades often come from waiting for a range to pick a side—let the close confirm the story. ------------------------- Thanks for your support! If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts!