Once $BTC lost the key weekly support, downside momentum picked up quickly. Within days, price flushed into the $60,000 area — the same range we had already marked as a likely reaction zone.
The break of $75K invalidated the higher-high, higher-low structure on the higher timeframe. That structural failure is what unlocked this sharp move lower.
@Bitcoin is now trading below both the 20-week and 50-week moving averages, keeping the weekly momentum firmly capped. As long as price stays under these levels, any upside attempts should be viewed as relief bounces rather than true trend reversals.
Looking lower, the next major support sits near the 200-week MA and the broader historical cycle support zone around $50K — an area that has previously acted as a reset zone during deep corrections.
From here, the roadmap is clear: • Reclaim $75K and then $100K → structure repair starts
• Stay below key moving averages → downside risk toward $50K remains
