As per our previous analysis (attached on the chart), $BTC started the correction phase after breaking below $70,000.

📉Scenario 1:

As we approach the $60,000 support zone, we will be looking for new buy setups to catch the next upward impulse movement.

📈Scenario 2:

For the bulls to regain control from a long-term perspective, a break above $70,000 is needed.