Bitcoin is facing the fall to test Major supports Bitcoin / TetherUSBINANCE:BTCUSDTMMBTtraderThe recent -3% dump on lower timeframes appears insignificant on the daily chart, but it may be an early signal of a larger move developing on higher timeframes. Fibonacci retracement levels show the first support near 77K$, which is still far from the current price of 81K$. If price reaches that zone, a breakout and further decline toward the major Fibonacci supports at 0.5 and 0.618 is expected. The market is then anticipated to turn bullish again after holding the support zone near 70K$ only. Learn this: Multi-timeframe analysis is essential. A move that looks dramatic on a 15-minute or 1-hour chart may be barely visible on the daily chart. But when lower timeframe weakness begins to appear consistently, it can be an early warning that the higher timeframe structure is about to shift. Traders watch for this alignment because it often precedes a larger move. Learn this 2: A deep correction does not necessarily mean the bull trend is over. As long as key Fibonacci supports hold, the larger structure remains intact. The 70K zone is significant because it aligns with the deeper Fibonacci retracements. If buyers defend this area, the next leg higher can begin.