In the last 24 hours, Bitcoin has slipped through several important support zones and is now pushing beneath a descending channel that had already been guiding price lower
The higher timeframe had already signaled weakness after losing both the multi-month trendline and the $72.5K area. Now the lower timeframe is starting to confirm that bearish shift
There is no need to force a complicated interpretation here. When support levels fail across multiple timeframes, price often gravitates toward the next significant liquidity zone
The area I'm watching sits near $68.7K
If buyers cannot quickly recover the latest breakdown, a move into that region looks increasingly likely in the near term.
Bulls need to defend here!! If they do (and OrderFlow confirms) I’ll be interested in a long, looking for a bounce to retest rVAH + the lost uptrend AVWAP.
Hai đường EMA thực sự đã đóng vai trò như kháng cự trong thị trường gấu này và đã khiến giá giảm xuống tạo thành đỉnh của mô hình Đáy Đôi để kiểm tra lại sau khi phá vỡ
I've seen this pattern too many times to stay quiet about it
1. Local top at $89k - sellers stepped in hard 2. Sharp impulse down to $60k 3. Dead cat bounce to $82k - rejected clean by the descending 200D MA 4. Lower high confirmed. Now rolling over
Every major BTC dump ran this exact sequence before the real move:
2021-2022: $69k top -> $46k lower high -> -77% from peak to $16k 2017-2018: $20k top -> $11.8k lower high -> -84% from peak to $3.2k
Both times the crowd called the lower high a recovery. Both times it wasn't