The Elephant Jungle 4/10/26 Page 2BTCUSDT Perpetual ContractBYBIT:BTCUSDT.PRedElephant420Since Wednesday, we were watching for price to either pull back into demand or push up into supply. The Bulls made the first move. They ran price straight into the 1H Supply Range, but the Bears were ready. They stepped in and dumped it right back down, almost tapping demand. Almost. Right before it got there, the Bulls stepped in, stopped the drop, and ran it right back up to supply again. And once again, the Bears said no. Another rejection. Now the Bulls are stuck, struggling to hold above the Local VAH. And this is where things start to matter. If the Bulls lose the VAH, you already know how this plays out. The Value Area does what Value Area always does, VAH to POC to VAL. Lose the top, and price starts searching for the middle. That puts the POC right in play. Now yes, the Bulls still have demand sitting below as support, but let’s be honest for a second. Do you really want to rely on demand in a Bear market, while price is still sitting on the premium side of the range? That is a risky game. Because if the Bears decide to stop playing defense and hit the gas, they could slice right through that demand like it is not even there. And if that happens, the next real shot for the Bulls is down at the 12H Rrder Block, lining up clean with the Local POC on the discount side of the Current Range. That is the zone. That is where a real bounce could happen. But let’s keep it real. How many times can the Bulls defend the POC before it finally breaks? Because once it does, the story changes.