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Gm and happy Saturday ☀️
$BTC Update & MMT Heatmap
Structure finally gave way.
We were compressing inside that rising channel for weeks - higher lows squeezing into overhead supply… and instead of acceptance higher, we got rejection right at trend resistance followed by a clean breakdown.
Right now this looks like continuation.
Below here, the more meaningful liquidity sits:
• 64k area → first real magnet (stacked bids / prior reactions)
• 62k → deeper sweep zone if selling accelerates
Yesterday we were asking:
accept above → trend continuation
reject → rotate lower
Market chose.
Unless we quickly reclaim back inside that channel and hold above ~68k, rallies are likely just relief into supply.
Bias: short term downside pressure while below 68k
watch for reactions at 64k.
If that doesn’t hold, the market probably wants a deeper reset before any real trend resumes.