Bearish Analysis – Circle Internet Group (12H Timeframe)Circle Internet Group, Inc. Class ABATS:CRCLOAS1984The price has recently faced a strong rejection from the 136–137 resistance zone, which aligns with a previous key level. This rejection confirms that sellers are defending this area aggressively. After the sharp upward move, the market failed to continue higher and instead formed a lower high, signaling a potential shift from bullish momentum to bearish control. The current pullback shows weak buyer strength and increasing selling pressure. Price is now hovering near the 93 support level, and repeated tests of this zone increase the probability of a breakdown. Key bearish signals: Strong rejection from major resistance (136–137) Failure to maintain higher highs Formation of lower high Weak structure after impulsive move (sign of exhaustion) Expected scenario: Breakdown below 93 Move toward 80 support Continued drop targeting 45–50 demand zone Invalidation: A strong breakout and sustained close above 137 would invalidate the bearish outlook and indicate bullish continuation.