BTC Morning Brief | Strong Selling Pressure Meets 1H Bullish OBBTCUSDT Perpetual ContractBYBIT:BTCUSDT.PTRW300• **📉 Trend:** Price remains in a short-term **bearish trend**, making lower highs and lower lows. It rejected the **2nd 1H Bearish OB**, broke the previous bullish structure (**BOS**), and has now tapped the **1H Bullish OB**. • **📊 Volume:** The breakdown was supported by **rising bearish volume**, confirming strong seller participation. A bullish volume spike appeared at the **1H Bullish OB**, showing buyers are attempting to defend this demand zone. • **⚡ Momentum:** Momentum remains **bearish**. All EMAs are above price, and the failed attempt to reclaim the **50 EMA** reinforces that sellers are still controlling the short-term trend. • **🕯️ Price Action:** Strong rejection from resistance followed by an impulsive bearish move. Price is now testing a key higher-timeframe support where a reaction is expected. • **📈 Open Interest (OI):** OI increased while price declined, suggesting **new short positions are entering** rather than the move being driven only by long liquidations. This supports the bearish move. • **💰 CVD Spot:** Spot CVD continues to trend lower, showing **spot buyers are stepping back** and there is limited aggressive buying supporting price. • **📉 CVD Futures:** Futures CVD is also declining, indicating **perpetual traders are selling aggressively**, adding confirmation to the bearish momentum. • **🪙 Stablecoin-Margined CVD:** Slightly declining and mostly flat, suggesting **USDT-margined traders are not adding significant new long exposure**. • **🪙 Coin-Margined CVD:** Mostly flat after weakening, showing **coin-margined traders are relatively inactive**, with no strong conviction from buyers. • **💵 Funding Rate:** **Positive (0.0086)**. Longs are still paying shorts, meaning the market remains **slightly long-biased** despite falling price. This can create conditions for further downside if longs continue to unwind. • **🎯 Key Focus:** Watch how price reacts at the **1H Bullish OB**. A strong bullish reaction with **rising volume, improving Spot CVD, and stable/rising OI** could lead to a relief rally. If buyers fail to defend this zone and volume expands on the downside, the bearish trend is likely to continue toward lower support.