The Elephant Jungle 4/28/26 Page 3BTCUSDT Perpetual ContractBYBIT:BTCUSDT.PRedElephant420Well, it looks like the Bear Flag is still in play, and it seems the upper trend line is lining up perfectly with the low of the 1W Supply Range. That kind of confluence is not something to ignore. If this trend line continues to hold strong, the Bulls may not even make it into the Supply Range, let alone reach the Macro VAL. The Bears could step in early and send price right back down to the 12H Demand Range, forcing the Bulls to regroup before making another attempt at a push higher. But the Bulls cannot afford to regroup for too long. Because if the Bears catch them slipping, they could push price below the Bear Flag, and from there, things could get ugly fast. A breakdown like that opens the door for a potential free fall toward 49k, and that is not a position the Bulls want to be in.