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#SKHynixTopsKOSPIByMarketCap bitcoin:native
Weekly has clearly broken down, below the latest low at ~$60k. Now, here’s what’s left for us:
After losing this support, a breakdown could open up toward several lower targets within this megaphone structure. ~$54k, ~$49k, and ~$41k -- are all on the table for now. I expect *somewhere* between the blue rectangles as a bounce/recovery area.
Second, I also want to show the Monthly. Why? Because we finally have the breakdown candle/arrow we’ve been waiting for inside this large shaded squeeze for months. In addition, we’re now also testing the 50M SMA with this candle. This will close June here.
The important part now is to observe. Watch what happens after this red arrow candle and the Phantom, which seems to want to reverse. Things are changing. And the change is exactly what we’re looking for right now.