BTC Technical Outlook: Consolidating Just Above Macro Base After 0.236 Breakdown
Bitcoin remains in a strong corrective downtrend after rejecting from the $93K–$100K resistance cluster (0.5–0.618 Fibonacci zone).
The decisive breakdown below 0.382 ($85,246) and later the loss of 0.236 ($75,589) triggered accelerated downside pressure.
Price is now consolidating around $65,000–$69,000, hovering just above the macro Fibonacci 0 level at $59,980.
This is a critical higher-timeframe support region.
EMA Structure (Bearish Alignment)
20 EMA: $69,193
50 EMA: $76,140
100 EMA: $83,748
200 EMA: $91,312