$BTC bullish thesis invalidation point

BTCUSD: if prices drop below the confluence of support at 50 WMA, white-blue support lines, then the risk of this being an ABC expanded flat correction increases. In this case, BTC has completed 5 waves, I, II, III, IV, and V and we have entered a prolonged but sideways bear market since January 2025.

In an Expanded Flat, the B wave exceeds the beginning of the A wave, making a new high. The C wave however, will exceed the end of the A wave, which is the April 2025 low.

So if support breaks there, I expect BTC to go to $75K or lower. So I will exit most of my longs if support breaks on a weekly closing basis.