bitcoin:native Bitcoin has been slowly grinding higher and has now retested the extreme supply created during Monday’s sell-off. Price initially tapped into the supply and held there before making another attempt higher. Sellers stepped in exactly where they had to, creating an SFP of the high followed by a bearish break of structure. This was a key inflection point for the bears, and their reaction once again validates my bearish stance. They have a clean invalidation above that they continue to protect, while there is still plenty of room for price to rotate lower. I am interested in shorts if price backtests the newly created local range supply. I expect the daily high to be in already and further bearish continuation to follow later today. The local demand below is now key for bulls if they want another opportunity to reclaim the range highs. Lose $64K and the lower high sequence likely continues, opening the door for a rotation towards the range lows around $61.5K. Clean areas for both sides: • Local demand below • Local supply above Failure of either area likely leads to a breakout and the start of a new local trend.