bitcoin:native Update: Macro Relief vs. Structural Reality

We’ve seen a decent bounce pushing bitcoin:native back into the $63,200 region.
But if you look at the 1H chart, the structural reality is a completely different story.
Despite the short-term momentum, the overarching trend remains undeniably bearish. Price is simply printing another LH right into local resistance. The market hasn't proven anything yet.
Factor in the massive institutional ETF outflows we saw in June and major players slashing their targets, and the fundamental picture gets even heavier.
Until we actually break this sequence of lower highs and reclaim structural control, this looks like a trap.
Expecting this momentum to exhaust here, leading to another aggressive leg down to sweep liquidity and finally tap into the macro demand box below.
Bears are still in the driver's seat, don't let a macro relief rally blind you to the technical structure.