$BTC UPDATE ☀️📉
BTC continues to follow market indications, experiencing another ~7% drop since our last update. This movement aligns with previous observations, presenting no major surprises.
Chasing bounces has proven to be a risky strategy. Relief moves should be recognized as temporary, not signaling full reversals, as long as price remains below key reclaim levels.
BTC currently holds above 74.7k. However, a clean reclaim of the 84k zone is essential to alleviate downside pressure, which otherwise remains the primary expectation.
Until buyers demonstrate conviction with a clear reclaim of critical levels, any short-term bounce should be considered corrective. This suggests continued vulnerability to further downward movements.
We will continue to monitor the market structure closely and provide updates as the situation evolves. 🚀