BTCUSDT Rebounds After Sharp Sell-Off — Eyes on the Extreme SuppBitcoin / TetherUSBINANCE:BTCUSDTTurbohelpflixKey Observations 1. Strong Bearish Structure The sharp sell-off created a clear break in bullish momentum. Sellers aggressively pushed price from the 76k region down toward 72.5k. The overall short-term structure remains bearish until higher resistance levels are reclaimed. 2. Current Consolidation Price is ranging between approximately 72.5k – 74k. The recent candles show buyers stepping in, but momentum is still relatively weak. This looks more like a relief bounce than a confirmed trend reversal. 3. Extreme POI (Supply Zone) Marked around 74.4k – 75.2k. This is the area where sellers are expected to become active again. If price reaches this zone, traders will likely watch for: Rejection candles Lower-high formation Increased selling volume Important Levels LevelSignificance 75.2kUpper supply boundary 74.4kExtreme POI / potential short area 72.53kCurrent support 70.87kMajor downside target if support breaks Bullish Scenario Price holds above 72.53k. Buyers push into the POI. A strong breakout and close above 75.2k could invalidate the bearish expectation and open the door toward the recent highs. Bearish Scenario (Higher Probability Based on This Markup) Price rallies into the 74.4k–75.2k supply zone. Market mitigates the POI. Sellers step back in and drive price lower. Initial target: 72.53k Extended target: 70.87k Overall Bias 📉 Short-term: Bearish to Neutral The chart suggests that the current upward movement is a retracement into a high-probability supply zone rather than a confirmed trend reversal. Unless BTC can reclaim and hold above the 75.2k area, the risk of another downside leg remains elevated.