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Yep this is basically the follow through from what I said earlier about $BTC
Once you get a clean daily close back outside the triangle, that’s your confirmation that the breakdown is real
And that’s exactly what happened we lost the triangle, and price is now sitting on the first real support around $62.8- 64K.
Now it’s simple
Hold/close above grey box and we likely chop/range $62.8K–$66K for a bit.
But if we start closing below the gray box, the next magnet becomes $60K, and in a downtrend you have to respect the risk that $60K eventually gives way
that’s when $53K starts being the next logical support target.
Same playbook as always
I’m not just giving a thesis I’m giving the invalidation too.
$64K is the decider right now

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