BTCUSDT H8BTCUSDT SPOTBYBIT:BTCUSDTWinlouhMarket Structure Macro trend: Bearish — rising wedge from Feb broke down hard in late May Sharp drop from ~$82,000 — clean wedge breakdown Price now free-falling below all major supports FIBO zone ($72,000–$74,000) already lost — now acting as resistance Liquidity BUY zone at $60,000–$62,000 is the next major target Projected Scenario Phase 1 — Continued flush: Drop to Liquidity BUY zone ($60,000–$62,000) Potential wick to -0.272 ext. (~$56,000) extreme case V-shape bounce expected from liquidity grab Phase 2 — Recovery: Bounce from $60K–$62K demand Retest FIBO zone $72,000–$74,000 (0.5–0.618) That zone becomes key resistance to reclaim Bias Summary Short-term: 🔴 Bearish — targeting $60,000–$62,000 liquidity After flush: 🟢 Bounce toward $72,000–$74,000 FIBO zone Extreme bear: Wick to $56,000 (-0.272 ext.) Key level: Reclaim of $68,000+ needed to shift short-term bias.