Bitcoin has continued to follow a familiar pattern since reaching the $124K level. In previous moves, the price has broken below the latest swing low, retested a key support zone identified using Fibonacci analysis, and then continued lower.
At the moment, that important support area lies between $70.2K and $74K. This range could play a major role in determining Bitcoin's next direction.
One notable difference this time is that Bitcoin briefly swept the previous swing low and then reclaimed it—something that did not occur during the last three similar setups. This could indicate that the market structure is beginning to shift, although confirmation is still needed.
For now, the $70.2K–$74K zone remains the key level to watch. A strong reaction from this area could signal a change in trend, while losing it may increase the likelihood of further downside.
What do you think about Bitcoin's current setup? Share your thoughts and analysis below.#BTC走势分析
