Every time $BTC has touched this line, it’s been generational, if it holds again $60K will go down as obviously cheap $BTC is doing the one thing that matters most on this chart it’s back at the 200-week EMA and it’s getting bought again. Look at the white arrows, same story every time. We’ve touched the 200W EMA, demand stepped in, and that level acted like the “cycle floor” that resets the whole market. We already bounced off it twice in prior phases, and now we’re seeing a third touch / third defense around the same zone. That’s why I’m treating this as a high-conviction line If $BTC holds the 200W EMA and starts building higher lows, this turns into a classic capitulation → base → reclaim setup, and the next move is pushing back into the prior range But if we start getting weekly closes cleanly below the 200W EMA, that’s when this stops being “support held” and becomes “support failed” and you should expect a deeper flush into the next supports. For now, my stance is simple: as long as the 200W EMA keeps getting defended, I’m leaning bounce/base, not breakdown.