bearish set up on bitcoin

Given the pattern and current market structure, there's a strong case for a short- term bearish scenario. However, if Bitcoin finds support and bounces at the key levels mentioned it could attract buyers and potentially reverse. For now, the focus remains oon the targets set for profit-taking on the downside. This corrective phase could provide good shorting opportinyties especially after the recent bullish rally.
bitcoinusdChart PatternsTrend Analysis

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