COIN - Hidden Bearish DivergenceCoinbase Global, Inc. Class ABATS:COINVIAQUANTCoinbase is currently seeing a local high form. For full context on how this structure looks on the higher timeframe, review this idea: The Daily Structure Looking at the daily timeframe, Coinbase is seeing a rejection from the 0.618, alongside an imperfect hidden bearish divergence forming. This is described as imperfect because the RSI created a double top rather than a cleanly higher high, while price simultaneously formed a lower high. Even though this does not perfectly fit the textbook definition of a hidden bearish divergence, where the RSI would typically need to print a genuinely higher high to confirm underlying strength alongside a lower high in price, a double top on the RSI still carries similar weight. It shows momentum was unable to build meaningfully beyond the prior high, meaning strength stalled rather than expanded, even as price attempted a fresh push. This still suggests the uptrend may be losing some of its underlying force, even if the signal is not as textbook clean as a true hidden bearish divergence would be. This is likely aligning with a broader drop I am expecting across the crypto market before the true bull market begins. It is hard to say if Coin will still find its bear market bottom around $119 as stated in that last idea, but it is looking likely to at least visit the $140-$160 range again. That is in line with Coin's most important level that I have outlined for many months now: