Bitcoin has slipped after breaking key weekly support, confirming bearish pressure and leaving traders cautious. The break below major support levels signals a potential continuation lower, especially as bearish momentum takes shape across weekly charts and technical indicators. Current price action shows Bitcoin trading under key structural zones, and once weekly support fails, the path to the next demand area around $69,000 to $68,300 becomes more likely. Bears are still in control, and shorts are profiting as expected, similar to the XAU long scenario where targets were hit after key level breaks.
Keep an eye on how BTC reacts around 69 K — if support flips to resistance and fails, deeper retracements could unfold. Meanwhile, watch for any bullish divergence that could slow the slide.