Elise | BTCUSD – 30M | Bearish Continuation After DistributionBitcoin / U.S. dollarBITSTAMP:BTCUSDElise-Golden-SparksBTCUSD Bitcoin failed to hold above the mid-range supply and experienced aggressive selling, signaling strong seller control. The impulsive downside move was not retraced with strength, showing lack of bullish demand. Price is currently consolidating below the breakdown zone, which favors continuation lower rather than reversal. This is a textbook bearish continuation environment. Key Scenarios ❌ Bearish Case 📉 (Primary Bias) Rejection below 93,200 – 93,500 🎯 Target 1: 91,800 – 91,600 🎯 Target 2: 90,300 – 90,200 ✅ Bullish Case 🚀 (Invalidation Only) Strong acceptance above 95,600 Would negate bearish structure and signal range recovery Current Levels to Watch Resistance 🔴: 95,300 – 95,600 Support 🟢: 91,800, then 90,200 ⚠️ Disclaimer: This analysis is for educational purposes only. It is not financial advice.