$BTC bears have become extremely aggressive, and weβll likely see multiple attempts to break the major $60K support level.
Up until now, shorting every relief bounce would have paid off within hours. But at this stage, I wouldn't be rushing to open new shorts just yet.
π©Έ ALERT: Bitcoin has just lost a support trendline that held for over 14 years.
The same level that withstood Mt. Gox, the 2018 bear market, the COVID crash, and the FTX collapse.
Now it's finally been broken.
This isn't just another dip β it's a major structural breakdown.