The 4-hour cycle has confirmed a market structure reversal through MSB and CHoCH, and the chart is officially transitioning into a bearish trend.

Outside the 62,000 level, a large amount of liquidity is accumulating that is waiting to be captured—this is also the key downside target of our multi-timeframe bearish confluence.
Market conditions will most likely first pull back to test the recent order block (OB) to complete confirmation, and then start a selloff downward to capture the liquidity below.
Combined with the FOMC meeting by the U.S. Federal Reserve scheduled for tomorrow, the price will be further pushed to fall back into the 60,000–62,000 range.
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