Bitcoin dropped lower, just as expected. The price is nearly into the drawn support area and deeper within the falling wedge pattern. Now, we have to look for a rejection candle or any reversal confirmation.

BTC treasury companies are in profit but barely buying. They hold $BTC at a cost basis of about $80K, and price has closed above it since September 18. In profit, buying can feed on itself: purchases lift price, price lifts their shares, and their shares fund more purchases.

Last week, this report described a wall of sell orders at $85K-$85.5K on the Binance spot book. Buyers traded through it on September 30, and price closed above $85K on October 4 and October 5. Sellers then placed a new block of asks at $86.5K-$86.75K. Price turned back under it on October 6, and early on October 7 it broke through the bids that had built up at $85K. The largest block of bids now sits at $81K-$81.25K and has stood since October 3. With the liquidation cluster just above it, $81K is the level to watch if the slide continues. A settled close back above $85.5K would win back the