$BTC This wave, the bears have already taken over the rhythm.

The position of 68500 was crucial before, no need to say more, and it has now broken down. The most fatal thing is that after breaking down, it can't rise at all.

The price is pressed below the short-term moving average, and after the EMA21 and EMA55 death cross, it continues to diverge. This pattern is not oscillation; it is an accelerated bearish trend.

Some people still ask about bottoming?

Just take a look at the structure and you'll understand:

❌ No volume rebound

❌ No structural reversal

❌ High points continue to decline

This is not a bottom; this is a continuation of the decline.

Moreover, 68500 has already completed the role switch —

👉 From support to strong resistance

If it doesn't return to that level, every rebound is just a false move.

It's very simple now:

Trend is bearish, structure is bearish, momentum is also bearish.

Don't catch the bottom, don't get overexcited.

Before the market gives a signal —

Those who shout long are not trading; they are gambling.