I'm watching $BTCUSDT around $76,021, and what stands out to me is how quickly the market has shifted from holding higher levels to trading below all three major moving averages on the 6H chart. MA7 is around $78,536, MA14 near $77,975, and MA28 around $77,820. That tells me buyers still have some work to do before I can consider the short-term structure healthy again. The recent selling pressure is clear, but I'm not interested in chasing a move simply because the candles look bearish. I'm focusing on the $75,200 area because it marks the recent 24H low and sits close to the lower Bollinger Band around $75,094. If sellers push price into that zone, I want to see how BTC reacts. A clean breakdown with expanding volume would make me cautious about further downside, while a strong rejection could open the door for a recovery attempt.

On the other side, I want to see BTC reclaim the $77,800-$78,500 region before taking any bullish setup seriously. Momentum is still weak, with KDJ showing K at 32.8, D at 49.92, and J below zero. Volume also needs attention: current volume is around 1.07K, below both volume averages near 3.98K and 3.85K. I don't see enough confirmation yet to trust a reversal. For now, I'm waiting for either a convincing support reaction or a proper breakdown with volume confirmation. No forced entries, no guessing the bottom, and no chasing a relief bounce. BTC is giving me levels to watch, but not yet a setup worth taking. My current position is simple: WAIT.