📊 Bitcoin Update.

Under normal circumstances, the current range would likely be a retest of the established bottom. However, the situation is entirely different. Negative news continues unabated and has become the dominant factor, overshadowing technical analysis.

What are we seeing now?

In the short term, Bitcoin failed to break above 72,000 and formed three consecutive lower highs (highlighted in red).

This is a very bearish pattern because it means:

With any negative news stimulus and a clear break below 60,000, we could see a sharp sell-off.

In other words: A break below 60,000 in the current scenario, coupled with strong negative news, could push the price down to the 50,000-49,000 range within days.

Especially since the market was expected to show a slight speculative bounce, forming a speculative bullish structure towards the 80s, but the price failed even in this weak scenario.

Now:

⚠️ The 60,000 level is very crucial. Breaking it in the current situation would mean a sharp and rapid decline.

✅ However, if the price holds and the chart pattern changes, we could maintain stability for several months and return to targeting medium-term targets.

$BTC
{spot}(BTCUSDT)