The Trust Layer for Market Analysts

The current market sentiment for Bitcoin is bearish. Key support levels around the 90-day rolling VWAP have been lost, indicating further downside potential. While there might be short-term consolidation or minor bounces, the overall structure and flow suggest a continuation of the downtrend. Investors and traders should look for confirmation of continued bearish momentum, such as lower lows and lower highs on lower timeframes, and potential rejections at resistance levels. The price action indicates weakness, with selling pressure apparent. The market is currently focused on potential downside targets, with the next significant support level identified at approximately 60,000.