$BTC Update: Bull Market Support Band Broken 🚨

$BTC has clearly lost its Bull Market Support Band, a critical level that previously sustained price throughout the cycle with minimal dips. This break signifies a notable shift in short-term market dynamics. 📉

The recent price drop has created a significant gap, exceeding $20K, from the Bull Market Support Band. The eventual retest of this band will be a key area for market observation. 📊

The immediate takeaway indicates a loss of much of $BTC's short-term structure. This suggests a notable downtrend is currently in progress.

A potential silver lining is that the weekly market structure remains intact, provided the April lows hold. Navigating this phase requires patience and strategic positioning. 💡

Information is for market updates, not investment advice.
$TNSR, $ZEC.