BTS Heading to 74K or Is It Just a Shakeout?

Not a pretty picture, is it? I hope it's just a shakeout of weak hands and not truly a breakdown.

The price has clearly closed below significant lows. Only saving grace is that the yesterday low is around 38.2% retracement of the rise from lows of August 2024 (sub 50K level).

Let's hope it reverses for good from here. If not, it's not just #BTC that will fall but majority of cryptos with it.