Technical analysis by Thecantillonreport about Symbol BTC on 1/7/2026

Regime: Bearish HTF Bias: Bearish Position: Watching STRUCTURE Price continues below AVWAP (92,860). Yesterday's failed reclaim confirmed the bearish regime. Now chopping just under institutional cost basis. A signal fired — but only a 2. Low confluence. Structure says short. Signal says be careful. KEY LEVELS +1σ → 100,017 AVWAP → 92,860 (resistance) Current → 91,794 POC → 87,526 (first target zone) -1σ → 85,703 CVD READ Caution flag. CVD trending higher while price stays below AVWAP. Possible interpretations: Short squeeze building Distribution into retail buying Chop before continuation Rising CVD is why signal is weak. Mixed signals require patience. SCENARIOS Grind lower: Price stays below AVWAP, works down to POC. Bearish plays out slowly. Squeeze then reject: Rally to AVWAP gets sold. Better entry on higher confluence signal. AVWAP reclaims: CVD wins. Bearish thesis paused. Wait for clarity. BOTTOM LINE Bearish regime. Signal fired but low confluence. The framework says: trade the setup, size to the conviction. Not every trade is full size. This one requires patience and discipline. Exact entries, stops, and position sizing in bio.