Bearish Reversal After Ascending Channel Liquidity GrabBitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.Phash_proMarket Outlook in Daily Time Frame The chart displays a clear ascending channel, which was broken after a liquidity sweep above the upper boundary. Price tapped into a higher timeframe supply zone, followed by a strong bearish rejection — suggesting smart money distribution. Key Points - Ascending Channel: Structure broke after price swept buy-side liquidity. - Supply Zone: Rejection from confluence of supply + 0.618 Fib level at 120,527. - Order Block: Price may revisit the 118000 OB before continuing lower. - Liquidity Targets: - Buy-side at 119,332 (swept) - Sell-side at 115,426 (potential draw) Outlook Price is likely to continue downward toward the 115,426 liquidity pool, unless a short-term retracement occurs to mitigate the 118000 OB. This setup aligns with typical smart money distribution and liquidity engineering.