Bitcoin fell from above roughly $65,200-$65,500 to a low near $63,865 on August 10. The more important level is the August 10 low near $63,865. Bearish structure plus bullish order flow is a transition stateThis is the most useful lesson in the current setup. Broader structure Short-term order flow Interpretation Bearish Bearish Strong bearish alignment Bearish Bullish Possible repair or reversal transition Bullish Bearish Deterioration or distribution warning Bullish Bullish Strong bullish alignmentBitcoin currently sits in the second category. That is why I prefer the phrase:Credible bullish repair inside a still-damaged bearish structure.