Friends, we are currently at the $71,568 level on the Bitcoin chart, with a 24-hour decline of 4.11%. Is this just a routine pullback, or a breakdown that shifts the medium-term direction? The short answer: we are somewhere in between, and the bears currently hold the advantage.

The first thing that stands out on the chart is the sharp rejection from the $87,401.5 peak. Following this decline, the SuperTrend (10,3) indicator has turned red at the $79,734 level—technically signaling a downward trend. The fact that the price remains below this resistance zone indicates that sellers are in control. The 24-hour low is $71,247, while the $73,000 level just above it stands out as a key threshold.

If the price drifts toward this area, it could open the door for a decline toward the sub-$58,000 zone—a level last seen in July 2026. However, this scenario has not yet unfolded; for now, the price is attempting to hold within the $71,000–$73,000 range.

If the price manages to settle above $73,000, the first target would be $79,700 (the SuperTrend resistance). Reclaiming this level could shift the medium-term outlook back in favor of the bulls. Conversely, if the price remains persistently below $71,000, the $66,666 support level comes into play.

Buying aggressively while the SuperTrend is red is akin to trying to catch a falling knife. It is wiser to accumulate gradually and maintain a cash position until the trend reverses. Do not focus solely on a single day; Risk management always comes first. Not investment advice. ✔️

$BTC