BTC Daily Breakdown – Major Uptrend Breached

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Bitcoin has now closed below the multi-week ascending trendline on the daily chart — the same trendline that defined the entire Phase D markup structure.

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🔍 Breakdown Highlights:

📉 Daily Close: 107,764 → well below trendline ✅
🔻 Volume: 18.42M (near 20-day average) → not a panic candle, but confirms exit ✅
📉 Fibonacci Cluster: 0.5 (107,093) and 0.618 (105,495) now in play ✅
⚠️ RSI (14): 61.14 → still neutral, but diverging from price ❗
🧱 Next supports:

• 106,146 = BB basis
• 105,821 = BC Pole End
• 104,000 = Point of control from volume profile

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🧩 Structural Impact (Wyckoff View):
• ❌ Trendline break = Phase D invalidated
• ❌ No breakout above ATH (109,852) after 3 attempts
• 🟠 Still not fully invalidated — if 105.8K holds, Spring-like scenario still possible
• 🔻 Close below 105.8K = Phase C fails → transition into Redistribution

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⚠️ What to Watch Next:
• Bounce from 106.1–105.5K with volume could offer one last recovery setup
• A close below 105.8K confirms structural invalidation

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🧠 Final Take:

The trendline break is real. Bulls need to defend the Fibonacci cluster + BC base around 105.8K. If that gives way, this becomes a failed reaccumulation and BTC risks a deeper structural rotation.

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