I noticed that Bitcoin's price has finally broken out of its recent weekly upward channel. After a long period of consolidation, a clear structural break is visible, indicating a shift in market sentiment. The momentum has turned downward, and even though a short-term rebound remains possible, the overall trend has reversed. Unless BTC quickly regains key levels, we should expect additional downward pressure.

Looking at Bitcoin's price on the 4H chart, the structure has become bearish. The market left a significant imbalance after the last downward move, and the price is likely to fill it in the coming days. Major liquidity zones are now around $64,000 (first major support) and $62,000 (deeper support). If the price recovers the $67,300 level, we might see a correction toward $68,800, but this would likely be a false rebound within a dominant bearish trend.

The short-term sentiment remains slightly bullish on smaller timeframes, but a bearish retest is expected to follow. The recent price action clearly shows a shift from a consolidation phase to distribution. As long as the price does not solidly reclaim above $68,000, any upward movement risks being temporary and followed by a more significant decline.