$BTC | Update (4H) We swept the previous low we marked in February, but something to observe closely here is that even after the sweep, we still did not get a decent reaction to the upside. Instead, we're printing a symmetrical triangle here, which can also be treated as a bear flag considering the move leading into it was bearish. Even if we ignore the flag itself and focus purely on the PA, we're still forming lower highs after sweeping the previous low. This suggests there's not enough bullish volume in the market right now, and scenarios like these usually lead to continuation to the downside. What I'm looking for next is a sweep of 58.9k, where we have an untapped monthly low. If we hold that area, there's a high chance we reverse back to the upside. However, if we lose 58.9k then this bear flag will likely play out to its measured move, putting us around the 54.5k region where we have liquidity resting alongside a strong weekly support. Towards the upside, I'm looking at the 64.7k region for a bearish retest, where we have a Daily Bearish FVG. A retest of that area is definitely in play before continuing lower. If we break above the FVG, then a retest of the Quarterly Open around 68.2k comes into the picture. I do not expect a sharp retracement to the upside from current levels. It's much more likely that we retest one of these key levels, spend some time moving sideways, and then continue the move lower. These are the levels I'm currently eyeing, and I'll be trading around them throughout the next week.