$BTC is still trading below the 50EMA on the weekly timeframe

The trend remains clearly bearish as long as $BTC stays below the EMAs:

Price failed to reclaim the major supply zone

All key EMAs acting as strong resistance

Structure continues forming lower-highs & lower-lows

RSI still showing weakness with no strong bullish signals

If Bitcoin stays below the 50EMA, the next major downside target sits around $75K–$72K, a strong demand area and previous support zone.

strong weekly closes can flip the trend bullish again.