After rejecting from the upper half of the recent recovery range, price has rotated back toward the lower support region around 0.0026, which is currently acting as the last major defense for bulls. This area becomes critical because losing it would likely open the door for another leg lower within the broader bearish structure.

For now, the market is attempting to stabilize at support, but the overall trend remains weak until GALA can reclaim the descending trendline and break back above the 0.618 Fibonacci resistance zone.

What I'm Watching
🟢 Support: 0.00259 → 0.00234
🔴 Resistance: 0.00319 → 0.00355 → 0.00453
📉 Trend: Bearish while below channel resistance
⚠️ A daily close above the descending trendline would be the first sign that a larger trend reversal may be developing.

What stands out here is the developing double bottom formation around the 0.25 region, followed by a strong recovery and continued respect of the rising trendline. This suggests accumulation rather than distribution.

Price is now trapped inside a tightening triangle between 0.33 support and 0.49 resistance. The longer this compression continues, the more significant the eventual breakout is likely to be.

A decisive break above the descending resistance would confirm a major trend reversal and could trigger a powerful expansion toward higher time-frame targets.

Key Levels
🟢 Support: 0.3294 → 0.3103 → 0.2528
🔴 Resistance: 0.4911
📈 Bias: Bullish while holding above ascending support
⚠️ Triangle compression nearing completion. A breakout above 0.49 could mark the start of a larger upside trend.

The recent rejection from the upper wedge boundary near 0.52 cooled momentum, but the pullback was relatively shallow and support around 0.35 - 0.34 held firmly. The rebound from that area shows buyers are still active and attempting to regain short-term control.

As long as TIA remains above the wedge support, the structure favors further consolidation and another push toward the upper resistance zone. A breakout above 0.43 would strengthen bullish momentum and open the door for a retest of 0.52 and potentially higher levels.

Key Levels

🟢 Support: 0.3535 → 0.3417 → 0.2313
🔴 Resistance: 0.4287 → 0.5214
📈 Bias: Bullish while holding above wedge support
⚠️ A clean break above 0.43 would likely trigger the next expansion toward the channel highs.

BTC is currently around $59,568, and price is still trading below the key recovery levels. As long as BTC cannot reclaim strength, the chart can still continue toward the major support zone around $49,000 to $47,000.
This support zone is very important. If BTC reaches that area, we may see a strong reaction or bounce attempt from there.
But if that zone fails, the correction can get deeper toward $43,000 to $39,000.
For now, the invalidation for this bearish idea is around $82,721. If BTC reclaims that level with strength, then this downside setup becomes weak.
Until then, small bounces can happen, but the bigger picture still looks bearish.