Technical Review: Bitcoin — Accelerating Downtrend, Bearish Continuation Underway

Bitcoin shows strong rejection from the mid-range resistance and now confirms a clean break from consolidation, with price losing several key supports. The structure indicates a likely continuation of decline unless a rapid recovery occurs.
EMA Structure (Bearish Control)
EMA 20: $73.7K
EMA 50: $75.1K
EMA 100: $76.0K
EMA 200: $80.6K
Price trading below all EMAs
EMA arranged in a bearish order (20 < 50 < 100 < 200)
Each pullback faces strong dynamic resistance
👉 The trend remains clearly bearish — no buying strength
Fibonacci Levels
0.786: $112K
0.618: $100.9K
0.5: $93.1K
0.382: $85.2K
0.236: $75.6K
0 (Low): $59.9K
Price rejects near 0.236 ($75.6K)
Now moving aggressively toward the lower range
Trading deeply in the discount zone
👉 No retracement means → continuation structure remains intact
Market Structure (ICT Concept)
Clear downtrend (higher low + lower high)
Latest movement = distribution → sharp breakdown
Rejection from bearish OB around $72K–$74K
Some liquidity sweeps → continued dump
👉 Structure confirms dominance of the sell side
RSI Momentum
RSI (14): 18–20
In oversold territory
No strong bullish divergence yet
👉 Short-term bounce may occur, but the trend remains bearish
📊 Key Levels
Resistance
$70,500 – $72,500 (broken support → resistance / OB)
$74,500 – $76k (major supply + EMA cluster)
Support
$64,000 – $65,000 (current reaction zone)
$60,000 (major support / macro level)
📌 Summary
Bitcoin shows aggressive bearish continuation after rejection, now breaking major support with momentum.
Loss of $64K → moving toward macro support $60K
Reclaim $70K+ → short-term relief bounce may occur
👉 Current condition: Break in progress
👉 Bias: Short-term bearish, medium-term bearish
⚠️ Watch zone $64K carefully
Break → continuation
Hold → temporary bounce, not trend reversal
$BTC ‌