Bitcoin Bearish Before The Real Bull Run? Heres What Im WatchingBitcoin / U.S. dollarBITSTAMP:BTCUSDpropfirmwiseMarket Context - BTC rallied directly into a major premium zone inside the previous quarter dealing range. - Price formed a 2-stage SMT divergence with Ethereum at the highs, showing weakening momentum before the rejection. - Weekly SIBI acted as resistance and price immediately confirmed bearish CISD after failing to continue higher. 👉 Right now this looks more like distribution in premium, not bullish continuation. Why I Think BTC Can Trade Lower First - CISD already confirmed the shift in delivery - Weekly SIBI rejection holding price - Inversion respected after the breakdown - Weak reaction after retracement - Clear sell-side draw sitting below at Previous Month Low / Quarterly Low 👉 If BTC is truly bearish short-term, price should continue respecting the IFVG and keep delivering lower. Main Draw On Liquidity My current target is the Previous Quarter Low. That’s where I believe larger players may look to rebalance price before the real expansion higher later this year. Bullish Invalidation - For bulls to regain control, BTC needs to: - Reclaim the weekly SIBI - Break current bearish structure - Show strong displacement above the rejection highs Until then, I’m treating rallies as retracements inside bearish delivery. Main Idea - Most traders are still expecting immediate continuation higher, but the chart is showing signs of distribution: - SMT divergence, CISD confirmation, premium rejection, and weak bullish follow-through. 👉 I believe BTC may first seek deeper liquidity below before the actual macro pump begins. Do you think Bitcoin sweeps quarterly lows first, or are bears about to get trapped here?