Why the Dump?

$BITCOIN dropped to $70,500 after a strong rejection from the $97k–$100k resistance zone.

What went wrong?

❌ Rejected from major supply zone

❌ Lost key support at $75k–$72k

❌ Trading below MA(25) & MA(99) → trend bearish

❌ Heavy long liquidations pushed price to $60k

❌ MACD deeply negative → momentum still weak

📊 High red volume = sellers in control

🔍 What’s next?

$60k–$62k = critical support

Bullish shift only if BTC reclaims $75k+ with daily close

⚠️ No confirmation = no blind buying

📉 Trend remains bearish until proven otherwise