Bitcoin remains under sustained selling pressure, trading around $71.5K as the market continues to digest one of the sharpest corrections since the 2022 bear cycle. With key moving averages still sloping downward and no major structural level reclaimed, the probable path remains to the downside until proven otherwise.

Bitcoin Price Analysis: The Daily Chart

$BTCis still trading inside a descending channel on the daily chart, with the 100-day moving average (~$79K)