According to @BullTheoryio, BTC has closed below the weekly SMA50 that supported every major pullback this cycle, signaling a broader correction on the weekly chart (source: @BullTheoryio). According to @BullTheoryio, the next major support is the weekly EMA100 near $85,587, a level BTC has not closed below since Q3 2023 and from which prior recovery rallies began (source: @BullTheoryio). According to @BullTheoryio, momentum has cooled with the weekly RSI resetting to the same zone seen in Q1 2023 near $20K and the weekly MACD flattening into its typical bottoming range observed in past correction phases (source: @BullTheoryio). According to @BullTheoryio, sentiment shows the Fear & Greed Index sitting below 20 for a week and funding turning negative for the first time in almost a month, a positioning pattern often seen near local bottoms though a confirmed bottom is not yet established (source: @BullTheoryio). According to @BullTheoryio, macro risks remain as Japanese bond yields stay elevated and the probability of a December Fed rate cut sits near ~35%, which could sustain volatility even if most structural damage appears priced in and BTC is likely close to a local bottom zone (source: @BullTheoryio).