VIP MARKET UPDATE: $BTC
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$BTC is trading around 75,830 after breaking below the ascending trendline that had been supporting price since mid-April. The latest 4H candle shows a sharp rejection from the symmetrical triangle's lower boundary, with price slipping below the critical 76,000 area and briefly tagging into the 75K zone. This breakdown marks a significant shift in structure on the lower timeframe.
The loss of the ascending trendline now exposes the 74,000–75,000 zone as the next major support area, where the late April lows come into play. A reclaim back above 77,000 would be needed to neutralize the breakdown and shift momentum back to the bulls. Failure to recover quickly opens the door for a deeper flush toward the 73,500 area, which marks the broader range support.
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