There is a Liquidity on daily timeframe
Show the several signs that lead the price down first sign is bearish engulfing on daily and 4 hourly both timeframes of daily fvg and ob and create a perfect head and shoulder on 4h tf price should down at least my arrow that i mark on the chart more over if it break the resistance then even more expecting bearish...
Btc has broke the range in 4 hour time frame and closed retracing towards liquidity for the next possible move there is various confluences can let btc
decline for a while.
There is a fair value gap with oder block on the top in daily timeframe two more confluences support the decline.One is bearish engulfing in 4 hour time frame secondly there is a diversion on Rsi so it could possibly sell till this level on the the chart .
Liquidity has sweeped from recent all time high in daily time frame secondly
Rsi shows sell momentum price forming double top more over liquidity is waiting from buy side which i mark in the zone at least market has to take it.
