So Bitcoin just broke below that 100-week moving average everyone's been watching around $85,000 - the level that basically held for two months straight. I'm watching what happens next because this could get messy.

Right now the next real support I'm looking at is $75,000. That's where we saw buyers show up back in April and actually stop the bleeding. If that breaks though, we're looking at potentially testing the 200-week average down near $58,000. Current price is hovering around $73K, so we're getting close to those lower levels.

The thing is, how low can Bitcoin actually go from here? The bearish momentum is definitely real after that breakdown. But here's what would actually flip the script - if we can reclaim and hold above $95,000, that's when the bullish narrative comes back. Until then, it feels like sellers have the upper hand and we need to respect that.

Technical levels matter, but they're not guaranteed. Just watching the price action and seeing where the real buying pressure shows up. The $75,000 zone is critical - that's the line in the sand for me right now.