📉 Bitcoin has dropped more than 34% from its all-time high of $126,199, hitting a weekly low near $82,000 and trading below the 100-week EMA at $85,389.
🧭 If the weekly candle closes below the 100-week EMA, the correction could extend toward the major weekly support at $71,769.
⚠️ Weekly RSI at 33 and a bearish MACD crossover show that bearish momentum is strengthening, with increasing red histogram bars confirming seller dominance.
🔻 On the daily chart, BTC broke below the 78.6% Fibonacci level at $85,569 and is trading around $82,000, increasing the risk of a retest of the psychological $