$BTC followed the bearish setup almos perfectly after breaking its uptrend support. The $72K–$74K demand zone that was highlighted earlier failed to hold, and Bitcoin has now officially slipped below the $70K level, just as the previous analysis suggested. This is a great reminder that market structure and trend direction matter far more than emotions. The charts often tell the story before the crowd catches on. Now, the focus shifts to the broader channel support. If buyers can't step in and regain momentum soon, the chances of a deeper correction increase significantly. For now, Bitcoin is simply following the technical roadmap. What's your view on the next move? 👇#bitcoin #crypto #btcusdt #USDollarUpOnInflationFedHawk #CFTCAbolishesNoDenySettlementPolicy
One of the best decisions I made was opening a short position around the $77K–$78K range.
At this point, I believe Bitcoin still has room to move lower, with the $38K area looking like a major support zone. That said, I won't be waiting all the way down there — I'll start taking profits and selling portions of my position once we get below $55K.
Just my current view of the market. What's your take?