$BTC Price declines near historical highs accompanied by high open interest, which warrants caution against long leverage liquidations or main force distribution. The current market logic is unclear, with price action diverging from open interest, indicating a high-risk speculative zone.

🎯 Direction: No position

Wait for the price action to give a clear directional signal. Currently, the chart shows that while the price is falling, open interest (OI) remains high, which is not typical of a healthy correction (healthy corrections usually see OI decline). The key is to observe the price response in the $76,000 - $77,000 range. If buying pressure cannot effectively absorb selling pressure and push OI down, the downside risk increases. Conversely, if strong absorption occurs in this range and drives the price back up, a healthy reset may be achieved. Small losses, big gains—aiming for probability-based profits. The current probability advantage is insufficient; it is advisable to stay on the sidelines.