BTC Technical Outlook: Breakdown Below 0.382, Testing Lower Range Support
BTC has confirmed a strong markdown phase after failing to sustain above the 0.618 (100,856) and 0.5 (93,051) Fibonacci levels.
Following multiple lower highs and rejection from the EMA cluster, price accelerated downward and decisively broke below 0.382 (85,246) and 0.236 (75,589).
BTC is now stabilizing near the lower support band around 65,000–70,000, just above the macro base.
EMA Structure (Strong Bearish Alignment)
20 EMA: 74,280
50 EMA: 81,699
100 EMA: 88,247
200 EMA: 94,389
Price is trading below all major EMAs,