$BTC — time for an update.
What happened:
Called the $65.4–66.9K area as the next significant level if $70.5K broke.
That's exactly where we are now: Feb range POC/VAL, the highest volume area in the entire range since February.
Current situation:
Price flushed hard and fast from the $70–71K zone and landed right in the $65.4–67K support area.
This is a major structural level where the bulk of volume was traded. A bounce from here is plausible and is starting to show locally.
What needs to happen:
1) Bullish case
→ Flip $68K to support, opens the door to $70–71K
→ Reclaim $70K, first real structural confirmation of a reversal
2) Bearish case
→ Lose $65.4K, next significant area is $62–63K, major long liquidity cluster below
Structure:
Still bearish on the higher timeframe. A bounce is not a reversal. Treating it accordingly.
Will keep updating level by level.
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