Bitcoin has formed another lower low, breaking below the previous structural support which was the April 2025 low. A break below this level was expected and the idea was to sweep the liquidity from below that level and then start to build structures that allow for a reversal. Current price is around 70,000, with a target of 75,000 and a failure point below 65,000. The market is currently in a bearish trend but a bullish reversal is anticipated.