🆘 Read this carefully !!
$BTC is currently moving within a clear bearish structure, targeting the $60,000 level next, with a deeper extension possible toward $49,700.
According to the analysis, this corrective move is necessary to flush out the existing weakness and complete the larger historical down-wave that started from the $126,000 high.
The bullish invalidation level is set at $76,000 — only a strong 3-day candle close above this level would cancel the current bearish scenario.
This technical outlook comes amid rising global tensions between the US and Iran. Recent developments, including the fragile ceasefire, threats to close the Strait of Hormuz, and renewed naval incidents, have created a risk-off environment that typically pressures Bitcoin and other risk assets.
Stay disciplined, watch the key levels closely, and be ready for any sudden updates.