BTC Taking a Bearish Turn 😨 How Low Will It Go?

So... BTC is dropping. Hard. I saw this coming in my last update when I pointed out that sketchy pump and the warning signals on the chart. Now everyone's wondering how bad it'll get? Let's look at what the charts tell us.

The 1-hour view shows we've flipped bearish tonight. No doubt about it.

After breaking structure, price has been stepping down. Created a BOS. We watched that second high-low form between $119,000 and $118,000. Kind of interesting timing. This whole move started right after retesting that bearish order block.

Imbalances filled so far. But there's a big one waiting below. $113,444-$120,000 range. Not filled yet. Price needs to keep dropping to get there.

This IMB zone will probably hit a bullish candle wick. Lots of traders eye this spot when there's no POI around. If BTC drops to fill it, bye-bye to your buy entries at current levels. Patience matters now.

The dump is at -5.02%. Normal momentum. BTC.D is dropping too, so alts are hanging in there. For now. I'd stay away from longs though.

This crash wiped out something like $300 billion from crypto market cap. Bitcoin's fallen from those $123,500 highs. It seems the structure points to more downside as we head toward October 2025.

What do you think? 🔥