$BTC: The Higher-Timeframe Structure Continues To Respect A Clear Bearish Fractal.

Current Price Action Is Repeating The Same Distribution Sequence Seen Earlier This Cycle:
→ Rising Channel
→ 1-2-3 Formation
→ Point 4 Rejection
→ Aggressive Markdown
The First Fractal Produced A −30% Decline.
Now, The Second Fractal Has Also Completed Point 4 Rejection, Suggesting The Markdown Phase May Already Be Underway.
Technical Levels:
🔹 Major Supply: $85K–$90K (Bearish Order Block + Fair Value Gap)
🔹 Primary Target: $47,839 (−30% Measured Move)
🔹 Extended Downside: A Breakdown Below $47.8K Could Open The Door To A −54% Correction.
Price Continues To Trade Inside A Descending Channel While Printing Lower Highs, Keeping Bears In Control.
A Confirmed Daily Close Above The $74,156 Trendline Would Invalidate This Bearish Structure.
Until Then, Every Relief Rally Into Resistance Should Be Viewed As A Distribution Opportunity Rather Than A Trend Reversal.
NFA & ALWAYS DYOR