📉 Bitcoin at Lowest Levels Since Nov 2024🚨

🔹 Current Market Context

• BTC is trading at its lowest level since November 2024, confirming a medium-term bearish market structure.

• Price is currently sitting inside a high-importance demand zone ($66,000–$70,000) where large players previously accumulated aggressively.

• This zone is now acting as a make-or-break level for the current cycle leg.

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🧠 Why the $66K–$70K Zone Is Critical

1️⃣ Smart Money Accumulation Area

• On-chain and historical price action show:

• Strong institutional accumulation

• High volume node / value area

• Previous range low + re-accumulation base

• This area represents average cost basis for many large entities.

➡️ If this zone holds, BTC can build a base for relief rallies or range expansion.

⸻

📉 Downside Scenario: 300W EMA Magnet

🔻 Why 300W EMA Matters

• The 300-week EMA has historically acted as:

• A cycle-level mean

• A final capitulation / deep correction zone

• In previous cycles, price often wicks or consolidates near it during extreme fear phases.

➡️ Loss of $66K–$70K opens the door for a fast, volatile move toward the 300W EMA, driven by forced selling rather than fundamentals.

⸻

⚠️ Market Structure Reality

• BTC is currently:

• Making lower highs

• Struggling to reclaim previous support as resistance

• Any bounce without:

• Volume expansion

• HTF reclaim

• Liquidity sweep confirmation

is likely a relief rally, not a trend reversal.

⸻

🎯 Bull vs Bear Scenarios

✅ Bullish Defense Case

• $66K–$70K holds

• Liquidity sweep below range → reclaim

• Strong reaction + displacement upward

➡️ Leads to range formation or relief rally

❌ Bearish Continuation Case

• Clean breakdown & acceptance below $66K

• Funding flips sharply negative

• Liquidations accelerate

#btc #WhaleDeRiskETH #TrumpEndsShutdown #EthereumLayer2Rethink? #bitcoin

$BTC

BTC

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SOL

84.68

+5.33%

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BNB

618.55

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