$BTC Update: Market Overview 📉

Bitcoin ($BTC) has experienced a significant liquidity flush across the market. 💧 Open Interest (OI) is collapsing, which points to a widespread wipeout of leveraged long positions.

The Relative Strength Index (RSI) indicates extremely oversold conditions. This suggests that a short-term bounce is highly probable before any potential further downside pressure. 📈

**Trading Plan:**

⏳ Await the anticipated market bounce.
🔴 Short Entry Zone: 78,000 – 82,000
🛑 SL: 84,000
💰 TP Targets: 72,000 → 68,000

Our current bias remains strongly bearish (🐻), focusing on selling into any relief rally.