$BTC previously broke out of a large consolidation range and expanded aggressively. The current move down looks like a corrective pullback into a major demand zone around $60k–$65k.

That gray zone on the chart is important. It represents previous breakout structure and strong historical buying interest.

Current price sits around $67k after a sharp drop, down roughly 2–3% on the day.

Key observations:

• Prior breakout structure remains intact

• Pullback into higher-timeframe demand

• No confirmed macro lower low yet

• Volatility increasing.

If BTC holds above the $60k region and forms a higher low, this becomes a healthy correction inside a broader bullish structure.

If $60k breaks decisively, downside could extend toward deeper liquidity around $50k.

$BTC is correcting after expansion, not compressing inside a long-term descending channel.