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$BTC Intersections — Reclaim the Structure or Dive Deeper?
$BTC on the weekly timeframe shows a clear shift in character after a long bullish cycle. The previous price respected the upward trend line, forming consistent higher highs and higher lows within a structured uptrend channel. That trend has now been decisively broken, indicating that momentum is weakening and market control is no longer entirely in the hands of buyers.
The chart highlights several previous rejection points near the upper boundary of the range, where $BTC formed distribution-like structures before reversing. The recent rejection near the ~$120K zone marks a macro lower high, followed by an aggressive decline that cuts through the uptrend line — a major technical invalidation of the bullish structure.