The current weekly chart for CME Bitcoin Futures shows a pronounced shift to the downside, with large, fast-moving bars indicating heightened volatility and strong bearish momentum. Both the short-term and intermediate-term swing pivot trends are down, confirmed by recent short trade signals and a series of lower highs and lower lows. Price is currently below all key moving averages except the 100- and 200-week, which are still trending up, suggesting that while the long-term structure remains intact, the market is undergoing a significant corrective phase. The price is trading below the yearly session fib grid (YSFG) neutral zone, reinforcing the long-term downtrend, while the weekly and monthly session fib grids (WSFG, MSFG) still show an upward bias, hinting at potential for a technical bounce or retracement. Key resistance levels are clustered above at 94,931 and 84,550, while support is found at 78,515 and further down at 61,090. The market is in a corrective swing, with the next pivot high at 94,931 being a critical level for any reversal attempt. Overall, the environment is bearish in the short and intermediate term, with the long-term trend at risk but not yet fully reversed. This phase is characterized by volatility, possible oversold conditions, and the potential for sharp countertrend rallies within a broader corrective structure.