$BTC Strong reaction so far off the 60K range lows. This area marked the bottom of the previous 6 month accumulation range (We held this area multiple times)
The key zone to watch now is the 70–76K range, the prior S/R and the point where price would re-accept into the previous range.
Bottoms rarely form in a straight V-shaped recovery, so if we see rejection from this box, there’s a high probability of renewed acceptance lower and a move back down.
That said, I’m not bearish, as I’ve mentioned before. This is simply an objective read on market structure. Use the LTF to navigate accordingly.
#LTFBreakout #bearishmomentum #strong #btc70k #BitcoinDropMarketImpact