BTCUSD: Bears Remain in ControlBitcoin / US DollarCOINBASE:BTCUSDProfessorSingapore🎯 Trade Setup: Direction: Short 🔻 Entry: $58,800–$59,150 🛑 Stop Loss: $59,650 🎯 Take Profit 1: $58,170 🎯 Take Profit 2: $57,680 📰 News: Bitcoin tested a new local low near $58,100 amid extreme fear, weak institutional demand, and selling by large holders. Strategy’s first reported Bitcoin sale since 2022 added further pressure. However, the potential $1.25 billion sale should be treated as market-reported authorization rather than a confirmed completed transaction. 🐳 Large holders continue reducing exposure, while retail investors are buying the dip. Without renewed whale accumulation, a sustainable market bottom remains unconfirmed. 📊 Analysis: The 1H structure remains bearish. BTC is trading near $58,640 and stays below the EMA 9, EMA 20, SMA 50, and SMA 200. The rebound toward $59,200 was rejected. MACD is recovering but remains below zero, suggesting a correction within the broader downtrend. 🔎 Scenario: The bearish scenario remains valid while BTC trades below $59,300. A confirmed break below $58,170 would support further downside. A 1H close above $59,650 would invalidate the short setup and increase the probability of a recovery toward $60,350–$60,760. ⚠️ Not financial advice.