BTC has fallen below the November 2025 lows in USD. BTC has fallen below the Apr.'25 lows in global currencies. Either way you slice it, that's a lower low. It confirms the nature of the downtrend. What else do downtrends do? They produce lower highs. Mean reversion coming? Maybe... I really don't know the exact timing, but one will come. That's why I watch the 21, 55, and 200-day EMAs. Averages, by definition, are mean reversion targets.(Caleb Franzen)