1h context is still a broader downswing with lower highs from the 48.4k area, and price is rejecting a prior intraday supply zone around 47.55k-47.65k. On the 15m, the latest move is a sharp selloff out of that upper range with expanding red candles and rising volume, breaking down through the nearby 47.20k support area. Price is now near the breakdown level, which is where the trade belongs—not mid-bounce higher. Short against 47.25k-47.27k reclaim; thesis is wrong if price quickly gets back above that broken support and holds. Target is the next lower support near 47.00k first, with 47.02k/47.00k as the clean day target.