BTC/USD: Testing Key Support (M/FVG) After Strong DowntrendBitcoin / U.S. dollarBITSTAMP:BTCUSDfx_martin9Key Observations Downtrend: The price has been moving lower, defined by the downward-sloping black trendline, indicating a period of bearish momentum. Break of Structure (BOS): A "BOS" (Break of Structure) label is placed below a recent low, confirming the continuation of the bearish structure as the price moved lower. Current Support Zone: The price is currently testing a significant support zone (the grey rectangular box) around the $96,000 - $98,500 area. This level appears to be a historical reaction zone. Market Structure/Fair Value Gap (M/FVG): The support zone is also labeled as "M / FVG" (Likely Mitigation or Market Structure combined with a Fair Value Gap), suggesting this area holds significance for potential institutional/smart-money activity. Future Scenarios (Projected Paths): Scenario 1 (Black Arrow): The main projected path shows a potential bounce/reversal from the current support zone, aiming to push the price higher. This suggests a buy/long opportunity might be imminent if the support holds. Scenario 2 (Curved Arrow): The alternative (and often less-likely, as it's secondary) projection suggests a continuation of the downtrend after a potential minor bounce or consolidation, indicating a break below the support zone and further declines.