THE 64K Support is broken, Should we expect 58k Dump Next?BTC Perpetual Futures ContractBINANCE:BTCUSD.PMachiavelliTraderBitcoin Enters a Extended Bearish Phase It has been a while since my last update. Back in February, I highlighted the impending $68k liquidity dump a move that has now played out, subsequently breaking below the key $64k support level. Looking ahead at the macro outlook for the remainder of the year, BTC has firmly entered a bearish cycle. The bears are currently driving the price action, and I expect this trend to persist for the rest of 2026. Key Levels to Watch: $58,000 Support: This is the immediate line in the sand. $48,000 Support: If the bulls fail to defend $58k, macro structure breaks down, and we face a significantly prolonged recovery period. Strategic Outlook: Patience is key right now; wait for optimal, high-probability entry points. Personally, I am heavily positioned on the short side. Capital preservation and profitability rely entirely on trading with the prevailing market momentum, not against it. Let's trade the trend. Moving forward, I will be providing more frequent market updates. Safe trading to all.