$BTC $75,000 The area we referred to earlier was a very critical level for Bitcoin.....
The moment $BTC lost that weekly support, the declines accelerated rapidly. Within a few days, the price touched the $60,000 area, exactly the range we referred to.
Once $75K was broken, the higher high and higher low structure on the larger time frame failed. Breaking this structure is what opened the door for this direct movement downwards.
Now Bitcoin is trading below both the 20W and 50W moving averages, keeping momentum weak on the weekly time frame.
As long as BTC remains below these moving averages, the upward trend remains limited and the rallies will serve as temporary bounces, not reversals of the trend.
On the downside, the next key area is around MA200 and the historical cycle support area around $50K.
That area has historically served as a final reset zone during deep cycle corrections.
So from here the structure is simple:
• Recover $75K then $100K → structural repair begins
• Stay below the main moving averages → risk of deeper movement towards $50K remains
Support me please trade here 👇
$BTC
The moment $BTC lost that weekly support, the declines accelerated rapidly. Within a few days, the price touched the $60,000 area, exactly the range we referred to.
Once $75K was broken, the higher high and higher low structure on the larger time frame failed. Breaking this structure is what opened the door for this direct movement downwards.
Now Bitcoin is trading below both the 20W and 50W moving averages, keeping momentum weak on the weekly time frame.
As long as BTC remains below these moving averages, the upward trend remains limited and the rallies will serve as temporary bounces, not reversals of the trend.
On the downside, the next key area is around MA200 and the historical cycle support area around $50K.
That area has historically served as a final reset zone during deep cycle corrections.
So from here the structure is simple:
• Recover $75K then $100K → structural repair begins
• Stay below the main moving averages → risk of deeper movement towards $50K remains
Support me please trade here 👇
$BTC