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Bitcoin: Bearish Setup Requires a 4H Zone Rejection

calendar_today October 24, 2026 domain tradingview

Thesis: During this weekend review, the conditional bearish thesis is that a future revisit of the 83215-84006 zone could be rejected and lead toward lower supports; the current price of 80714 is below that zone, so this is preparation for the next session rather than a current signal. Evidence: the zone is the largest volume-profile shelf, representing 15% of the profile, and it is confirmed by chart extremes; the calculated path from the zone reaches 79770, 77284, and 76154, with each level supported respectively by a 0.8% volume shelf plus swing, a 4.9% volume shelf plus swing, and a 3.5% v

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