Bitcoin rout gathers pace as dip buyers vanishBitcoin / U.S. DollarFOREXCOM:BTCUSDFOREXcomBTC/USD trades at multi-week lows, breaking beneath the $66,000 level that has attracted dip buyers in recent sessions. While the session is far from over, the violent break from a descending triangle pattern, combined with the length of prior compression, suggests we may see a retest of the February lows around $60,000 if price is unable to reclaim and close above $66,000. Should we see a close beneath $66,000, shorts could be considered with a stop placed above the level for protection, targeting $60,000. The alternative would be to sell the break given the scale of the move, although the preference is to see a retest and failure to reclaim $66,000 before initiating shorts, helping to improve risk-reward. While RSI (14) and MACD have lifted from their recent lows, pointing to dissipating downside momentum, both continue to favour selling into strength, particularly with tentative signs that pressure may be starting to rebuild. Good luck! DS