BTC USDTBTCUSDT Perpetual Swap ContractOKX:BTCUSDT.PFeebackerPrice failed to find support at Monthly VAL 81 150$, establishing acceptance below the level and failing to reclaim the previous August VA. From an Auction Market Theory perspective, losing the lower boundary of a balance without subsequent acceptance back inside opens the scenario for further price migration toward the next HTF reference level at 76 875$. The technical chart continues to show a bearish OF, with a sequence of lower highs. The nearest resistance is located at 80 100–80 125$, while liquidity remains below at 79 179–78 875$. The Delta Profile showed absorption of aggressive market selling near the lows; however, buyers failed to bring price back into balance. Local Bid activity is present, but without a meaningful upward price displacement. Therefore, I do not yet consider the current absorption sufficient confirmation of a reversal. My base case remains a liquidity sweep of 79 179–78 875$, followed by an assessment of buyer response. In the event of a corrective move back into the October balance, I will look for short opportunities targeting further continuation of the bearish OF. Long positions will only become relevant following a sweep of the lows, a test of NPOC, significant absorption of market selling, and price acceptance back inside the VA. I am also factoring in potential volatility surrounding Wednesday's Fed Interest Rate Decision.