$BTC As described in my previous post, price lost the $65K level.

We are now seeing the anticipated retest of that key level, as well as the 0.5 Fib level of the recent pullback.

So far, price is respecting this area as resistance and we're already seeing a small rejection. If price closes back below the grey zone, I'm confident we can view this move as a proper bearish retest.

In that case, my main target remains the $62K–$60K zone, where the majority of liquidity currently sits.

If, on the other hand, buyers step back in and push price above $65.6K, there's a high chance we see the high at $67.3K get taken out.