BTCUSDT

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BTCUSDTBTCUSDT Perpetual Swap ContractOKX:BTCUSDT.PFeebackerPrice continues to hold below VAL of the previous composite at 82 575$. Following the test of NPOC 83 025$ + , we saw a rejection accompanied by absorption of aggressive market buying, further confirmed by the Delta Profile. Repeated attempts by buyers to reclaim the local distribution zone failed to gain follow-through, keeping the priority on internal rotation within VA 82 420–81 220$. The Footprint shows localized absorption of aggressive buying at the upper price levels, followed by a gradual shift in initiative toward sellers. Additionally, price continues to trade below Monthly VWAP, providing insufficient evidence for a recovery in bullish OF. Following another deviation above the composite's upper boundary, the next target from an auction market perspective remains VAL 81 220$. My base case remains a continuation of the downside rotation, with a potential liquidity sweep below the lower boundary of the balance. If significant selling absorption emerges and price reclaims the VA, I will consider a long targeting an internal rotation. However, if buyers fail to defend 81 220$, the balance scenario will be invalidated, opening the door for further downside expansion. For now, the priority remains trading the composite boundaries rather than prematurely positioning for a directional move.