BTC has closed lower for five consecutive weeks, with the previous false breakout above the previous high of 8.2. This is a normal, large-scale correction after the initial rise. There are currently no signs of a bottom on the weekly chart, indicating the decline is not yet complete. A strong, high-volume recovery is needed for a bottom to form. A weak rebound with low volume or a single-day reversal is insufficient for confirmation. While there has been a slight increase in positions through micro-strategies, Bitcoin spot ETFs are experiencing net outflows, indicating insufficient buying power in the market. This makes a rapid V-shaped reversal unlikely. Key support: Daily EMA200 (currently around the 76500-76000 range). Important‼️ Support: 75000 (the starting point of the upward move). Previous low of 7.5 defense: A decisive break below this low would deepen the correction; otherwise, the bullish double-bottom outlook remains intact.