After the high at 126,516, the price has carved a descending channel and what increasingly looks like a five-wave decline.
The recent sequence is the tell: support around 60k held (the wave-3 low), the bounce that followed ran out of road just under 80k, and today's candle was rejected at 75,628 to close −2.47% at 73,248 — back on the 50% retracement of…
