$BTC update, this is basically the exact continuation of the “death cross + lost weekly EMA ribbon” warning I posted. 🚀

The bounce attempts have been weak, and price has now slid all the way into that $69K–$72K band, the level that decides whether this is just a nasty shakeout or a deeper correction. $ZIL

On the daily, the death cross is now in play and the moving averages overhead (50/200) are miles above price, which is what a bearish trend looks like. $DUSK

Pumps get sold, and supports get stress-tested.

On the weekly, we’re still below the EMA ribbon and getting rejected, so until we reclaim that ribbon area, any pop is just a retest, not a reversal.

What matters now is simple, if we can hold $69K–$72K and start reclaiming levels (first $82K, then back into the low/mid-$90Ks), this turns into a bottoming range and a squeeze setup.

If we lose $69K–$72K on a clean weekly close, then the next leg down opens up and the “accumulation” phase gets a lot more painful before it gets bullish again. 🔥