BTC - Bearish Confirmations Bitcoin / TetherUSBINANCE:BTCUSDTVIAQUANTA couple of days ago I outlined both the bullish and bearish scenarios for Bitcoin. With the recent news of no Iran deal, the bearish structure has developed almost perfectly. First, notice that the red macro trendline continues to be respected with remarkable precision. It began with the all-time high at $126,000, created a lower high at $97,000, and just yesterday printed a doji reversal candle directly below it which confirms this trendline as a powerful rejection point. The high of $73,800 was no coincidence either. It came within just a few hundred dollars of the predicted right shoulder level outlined in the orange Head & Shoulders pattern from my last post. The right shoulder has now been established and price should begin making its way back toward the neckline. That idea can be viewed here: https://www.tradingview.com/chart/BTCUSDT/X7U16cPw-BTC-Potential-H-S-Pattern-Bearish-Outlook/?social_toast=true Adding further confirmation, a clear bearish divergence has formed on the daily RSI. Price printed a lower high ($76,100 to $73,800) while the RSI simultaneously formed a double top around the 62 level. This is a classic momentum warning sign that aligns perfectly with the broader bearish structure. I will continue to update this idea and outline the lower price targets as the week progresses. For the time being, BTC has given the confirmation that the bearish scenario is the one expected to play out this week.