BTC/USD: Downward Cycle Continuation — Sub-$83k Liquidity HuntBitcoin / U.S. dollarBITSTAMP:BTCUSDpatoBitcoin is currently showing strong continuation signs of a corrective downward cycle on the 1-hour timeframe. Following the local top and subsequent descending structure, price action is respecting key lower highs, struggling to establish any meaningful momentum above local supply. Key Structural Highlights: Invalidation / Pivot Level: As long as we avoid retaking the $84,000 zone, the corrective bias remains fully intact. Current Action: Price is hovering around the $83,095 level, pressing downward after a corrective bounce. Primary Downside Targets: Target 1: The $82,100 – $81,700 demand pocket / wave (C) completion zone. Target 2: The deeper 38.2% Fibonacci retracement of the broader (ABC) structure, sitting around $80,736 – $80,600. Conclusion: Failure to reclaim $84k keeps the bears firmly in control. Watch for a decisive break below $83,000 to trigger the continuation leg toward the $81.7k and $80.6k liquidity pools. Manage your risk accordingly and use proper invalidation levels.