$BTC This is why my bias remains strongly bearish… We have a HTF bearish head & shoulders pattern forming, while price is currently rejecting at the range highs, where risk-to-reward clearly favors shorts. At the same time, the majority of liquidity is sitting below price, with most upside liquidity already taken. The recent daily close showed a bearish doji candle, while RSI remains overbought and MacD is looking bearish. On top of that, price is still trading below HTF EMAs, confirming the overall bearish trend. Even on lower timeframes, we’ve seen a market structure shift followed by a breakdown below the recent lows. The last rally was purely news-driven which is not organic price action and moves like this always get retraced. All of this combined makes the downside the higher probability move…

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