Looking at Bitcoin on the longer timeframe, sellers are maintaining control with price capped by overhead supply. The market continues to auction downward toward the lower NPOC level, which notably aligns with the weekly NPOC—an important reference point to monitor closely. Right now, BTC is rotating within the value area range, testing key structural levels. This price action reflects classic auction behavior: buyers and sellers establishing equilibrium at critical zones. Watch for confirmation or rejection at the weekly NPOC—a breakdown could signal further downside, while a bounce might indicate a potential shift in momentum. Market structure remains the key to understanding next moves.