AVAX: bearish spike toward $7.50AVAX / TetherUSBINANCE:AVAXUSDT3CommasThe Macro Picture 🗺️ After three months of disciplined consolidation between $8.70 and $9.60, AVAX broke decisively below the lower boundary in early June — a structural reset that flushed range buyers and confirmed sellers as the dominant hand. The macro picture now points to the $7.50 macro floor, the original February liquidity pocket that has not been retested since the original sweep. With RSI flushed near 30 and price detached below the broken range, the path of least resistance now bends toward that high-confluence floor before the next structural decision. The Setup ⚙️ The Rejection: The $8.70–$9.00 zone — former range support — has now flipped into structural resistance. Any relief bounce from the current $8.18 area is most likely to be sold inside this band, where trapped longs from the failed accumulation phase are looking to exit at breakeven and bears are defending the broken floor. The Reaction: The white projection shows a measured relief rally toward the underside of the broken range, followed by a clean rejection. This is the classic support-flip mechanic — bulls testing the door from below and discovering it has been locked, which then triggers the next leg lower. The Accumulation Zone: The $7.50–$8.00 band sits as the next high-confluence pocket where larger players are likely to scale in, positioning through dollar-cost averaging into the macro floor as the structural reset completes its full leg. The Roadmap: Primary target sits at $7.50 — as indicated by the white projection, price should attempt one rejection at the broken range underside before grinding lower into the macro floor zone for a full liquidity test. Invalidation: a sustained daily close back above $9.00 would invalidate this bearish thesis and re-open the path toward the $9.60 range mid.