BTC Technical Outlook: Breakdown Below 0.236, Testing Macro Support
BTC has completed a clear distribution → breakdown → markdown phase after rejecting from the 0.786 supply region near 112K.
Price failed to sustain above 0.618 (100,856) and 0.5 (93,051), then decisively broke below 0.382 (85,246) and 0.236 (75,589) — confirming strong bearish continuation.
BTC is now consolidating near 68,000–70,000, just above macro support.
EMA Structure (Strong Bearish Alignment)
20 EMA: 73,283
50 EMA: 80,706
100 EMA: 87,484
200 EMA: 93,882
Price is trading below all major EMAs, confirming full bearish str