📉 BTC Price Analysis - Key Breakdown Alert! 📉

Bitcoin has broken down from the ascending parallel channel that started from 25K to 72K, signaling potential weakness ahead. The current structure is following an ABC corrective wave pattern after forming a clear 5-wave Elliott Impulse.

🔺 A symmetrical triangle formed recently inside the channel – and as expected, BTC has broken below it, indicating a possible liquidity sweep.

🟥 Watch these levels:

🎯 Target: $63,150 – $61,775 (0.382 Fib + FVG1 zone)

🔵 Triangle’s POC acting as resistance now

🟩 Strong Support: $57,665 (0.618 Fib + FVG2)

⚠️ Altcoins are already bleeding heavily. If BTC follows through, expect more downside volatility across the market.

📊 Key takeaway: Short-term bearish bias. Stay alert to potential support zones and watch for bullish divergence signals for any bounce opportunities.