Bitcoin Bear Phase Active ABC Rally to $93K Then Drop to $51K+BTCUSDT Perpetual ContractBYBIT:BTCUSDT.PwesladBTC has decisively transitioned into a bearish market structure following a confirmed breakdown of the primary ascending trendline that previously sustained the macro bull rally. The loss of this dynamic support, combined with sustained price acceptance below it, signals a clear shift in order flow from accumulation to distribution, reinforcing bearish continuation bias. Current price action suggests a corrective phase is underway, with a high-probability ABC retracement targeting the breakdown zone around $93K, which aligns with the major supply region and prior structural support turned resistance. This zone is expected to act as a liquidity trap and rejection point, completing the corrective leg before continuation to the downside. From a structural perspective, the sequence of lower highs and lower lows remains intact, with the projected bearish path targeting the immediate demand zone around $51K, which serves as the first key reaction level. A failure to hold this zone would expose deeper inefficiencies, opening the path toward $38K (PR Level 2) a critical accumulation zone with high probability of interim stabilization. However, if bearish momentum accelerates and this level fails, the final macro support sits around $24K (PR Level 3), where a stronger long-term demand response is anticipated. The optimal tactical approach in the current context is not to chase downside volatility but to anticipate a relief rally into the $93K supply zone, where confluence of structural resistance, liquidity, and potential distribution creates a high-probability region for strategic positioning. Until price reclaims the broken trendline and invalidates the bearish structure, rallies remain corrective and should be treated as opportunities within a broader downtrend. What’s your read on the strength of the upcoming retracement do you see enough momentum to fully tag the breakdown zone or an early rejection before completion?