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bitcoin:native
Weekly has obviously broken down, beneath the most recent lows at ~$60k. Now, here's what we're left with:
Now that we've lost this support, it opens the door to a possible breakdown toward some of these lower targets within this megaphone structure. ~$54k, ~$49k, and ~$41k -- all of these are on the table for now. I'd expect *somewhere* between the blue rectangle for a bounce/recovery area.
Secondly, I wanted to show you the Monthly too. Why? Because we finally have the breakdown arrow/candle that we've been waiting for inside this huge shaded squeeze for months. In addition, we are now testing the 50M SMA with this candle as well. This will close out the month of June here.
The important part now is to watch. Watch to see what happens after this red arrow candle and the Phantom looking like it wants to flip. Things are changing. And change is exactly what we're looking for right now.