The crypto market is still being driven by sellers. This downward trend is ongoing, and the momentum hasn't let up.
During phases like this, it's risky to count on a reliable bounce at every support level.
Instead of guessing where the low might be, it's more useful to map out the important technical floors.
For $BTC , that means noting the minor support near $62,730, but paying closer attention to the stronger confluence zone between $55,000 and $56,000, where key Fibonacci levels align.
It's a fast and emotional market. We're not seeing any confirmation of a bottom yet just outlining where one could potentially form down the line.