🚨 $BTC BTC is breaking down from a major structure.
• Price has lost the $73.6k–$73.8k support zone, turning former support into resistance.
• The rising trendline has been decisively broken, confirming a shift in momentum.
• Current price action around $62k shows strong selling pressure and little evidence of a reversal yet.
• The next major demand zone sits between $55k and $48k (green area), where buyers may attempt to step in.
• For bulls, reclaiming $64k–$65k is the first sign of stabilization. Until then, rallies may be viewed as relief bounces.
📉 The chart remains bearish while below key resistance. The focus is now on whether the $55k zone can absorb the selling pressure and prevent a deeper correction.
• Price has lost the $73.6k–$73.8k support zone, turning former support into resistance.
• The rising trendline has been decisively broken, confirming a shift in momentum.
• Current price action around $62k shows strong selling pressure and little evidence of a reversal yet.
• The next major demand zone sits between $55k and $48k (green area), where buyers may attempt to step in.
• For bulls, reclaiming $64k–$65k is the first sign of stabilization. Until then, rallies may be viewed as relief bounces.
📉 The chart remains bearish while below key resistance. The focus is now on whether the $55k zone can absorb the selling pressure and prevent a deeper correction.