#What’sNextforBitcoin? Market Structure Overview
BTC has completed a classic distribution → breakdown → markdown sequence after rejecting the 0.786 supply zone near 112K.
Following that rejection:
Price failed to hold above 0.618 (100,856) and 0.5 (93,051)
Broke decisively below 0.382 (85,246)
Lost 0.236 (75,589) with strong impulsive momentum
This confirms bearish continuation on higher timeframes.
Currently, BTC is consolidating in the 68,000–70,000 range — sitting just above major macro support.
EMA Structure — Strong Bearish Alignment
20 EMA: 73,283
50 EMA: 80,706
100 EMA: 87,484
200 EMA: