$BTC is still facing strong pressure as the price remains below the EMA 100. The bearish setup shared on June 9 is still playing out.
At that time, Bitcoin was trading near $62K. Now it is around $60,339 after losing the important $69K support level, while the EMA 100 has moved higher to around $80,650.
The rejection near $84K in May showed that the downtrend is still active. Bitcoin’s current movement suggests another possible drop, with the $53,500 area becoming the next major support zone. This level was important during the 2024 accumulation phase and could be the strongest support before $47K.
For now, the outlook remains bearish. A weekly close above $69K could improve the situation, but until then, every recovery move may face selling pressure and bears remain in control.