I just noticed that Bitcoin has closed below $78,500 on higher timeframes, and this is not just a regular daily fluctuation. Crypto analyst Tice just emphasized that this is a true structural break— the previous low has been breached, which changes the entire picture. If you understand what a bottom is in trading context, it’s just the previous lows, and when they are broken, it signals a shift from an uptrend to a downtrend.

The important thing here is not to look at individual candles alone. Professional traders monitor the closing structure levels, not emotional movements within the day. Bitcoin has created higher highs and higher lows before, but now the pattern has shifted to lower highs and lower lows. This is confirmed on the two-week chart.

Currently, the price is around $77.65K, and if it doesn’t regain the $78,500 zone, subsequent rallies could just be traps. The next support could be around $70,000. In summary, the structure indicates a bearish story. It’s not sentiment, just data.