Price is now approaching the 0.0682 resistance, while the next major supply zone sits around 0.0800 - 0.0820. Holding above the former triangle resistance would keep the breakout structure intact and increase the probability of another leg higher. However, a rejection from the current resistance followed by a move back below 0.0640 could result in a retest of the 0.0580 support area.

Key Levels
🟢 Support: 0.0640 → 0.0581 → 0.0560
🔴 Resistance: 0.0682 → 0.0800 - 0.0820

📈 Bullish: Holding above the breakout zone could extend the rally toward the major supply area.
📉 Bearish: Losing 0.0640 may invalidate the breakout and trigger a pullback toward lower support.

A bullish recovery would require a breakout above the wedge resistance and reclaiming the 0.0062 area. Until then, the structure remains vulnerable, with a loss of the current support zone potentially opening the way toward new lows.

Key levels:
🟢 Support: 0.0045 → 0.0040
🔴 Resistance: 0.0062 → 0.0072 - 0.0075

📈 Bullish scenario: Holding support and breaking above the wedge could trigger a recovery move toward higher resistance.
📉 Bearish scenario: Failure to hold 0.0045 may accelerate selling pressure and continue the downtrend.

A successful reclaim above the 0.399 - 0.450 resistance area could open the way toward the next target around 0.634. However, rejection from this zone may trigger a retest of the breakout area before the next move.

Key levels:
🟢 Support: 0.399 →0.299 → 0.234
🔴 Resistance: 0.450 → 0.634

📈 Bullish scenario: Holding above the breakout zone could continue the recovery toward higher targets.
📉 Bearish scenario: Failure to break the supply zone may lead to a pullback toward previous support levels.

Since the previous analysis, BTC followed the expected rejection scenario instead of reclaiming higher resistance. The rally into the $66K to $69K region was rejected, and price has now rolled over, keeping the larger bearish Elliott Wave count intact.
The current structure still suggests Wave C is in progress, with recent price action forming a lower high before continuation to the downside. As long as BTC remains below the recent swing high, the path of least resistance continues to favor further weakness.
The $49,000 to $47,000 support zone remains the primary downside target, where a stronger reaction from buyers is expected. However, if selling pressure accelerates and Wave C extends, BTC could still decline toward the $43,000 to $39,000 region before a larger trend reversal develops.
The bearish outlook remains valid unless BTC reclaims the invalidation level near $82,721 with strong momentum. Until that happens, I continue to view rallies as corrective bounces rather than the start of a new bullish trend.