BTC Daily Auction Progression From the 2026 BottomBTCUSDT Perpetual ContractBYBIT:BTCUSDT.PSteel-SovereignBTC Daily Auction Progression The Daily chart gives a broader view of how BTC has progressed out of the 2026 bottoming region and through successive auction structures. Rather than looking only at the current price, I am interested in the sequence of Daily auctions the market has already worked through. From the Bottom Around the June bottoming region, BTC established smaller Daily auction structures before the larger recovery developed. One example is R#64, which formed between approximately 60,855.6 and 66,287.2. Price spent time balancing through that area before eventually escaping it to the upside. That range was later visually archived upward as BTC continued developing external bullish structure. For me, that is important context. The market did not simply bounce from the bottom and move vertically higher. It established balance, accepted higher prices, moved beyond one auction, and then continued building through higher structures. Successive Auctions Overcome As BTC recovered, earlier Daily auctions progressively became historical structures rather than the active area of price discovery. That progression helps show how the market transitioned from the lower region into the much larger Daily auction that is active today. The current active Daily auction is R#70. Its geometry spans: 0%: 62,872.7 100%: 96,900.0 BTC is currently trading around 70% through that auction. That places price above the midpoint and approaching the 75% region. Current Macro Context The larger question now is whether BTC can continue accepting price in the upper portion of this active Daily auction. If higher-price acceptance continues, the 75% region and ultimately the 96.9k upper boundary remain the next major areas inside the structure. If that acceptance fails, the internal quartiles remain relevant as areas where balance or rotation can develop again. The important point for me is the progression. BTC has moved from the lower Daily auctions formed around the bottom, through successive bullish expansion, and is now operating in the upper portion of a much larger active Daily auction. I am not using these ranges as deterministic targets. I am using them to track where balance formed, where price was accepted, which auctions were overcome, and where the market is currently attempting to establish value next.