BTC Technical Outlook: Breakdown Below 0.236 Fib, Testing Cycle Base Support
BTC has been rejected from the $111,968–$126,123 macro supply zone (0.786–1 Fib) and has completed a clear distribution → breakdown → markdown sequence. The recent rejection from the 0.618 region accelerated downside momentum and confirmed trend weakness.
Price has now decisively lost the $75,589 (0.236 Fib) level and flushed toward the $66,000–$59,880 macro demand zone, approaching the cycle base.
Higher-timeframe structure remains bearish.
EMA Structure (Bearish Alignment, Strong Downtrend)
20 EMA: $75,380
50 EMA: $