Rejection from Major Order Block—Bearish Expansion Imminent?

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Rejection from Major Order Block—Bearish Expansion Imminent?Bitcoin / U.S. dollarBITSTAMP:BTCUSDForex_Market_InsightsTechnical Breakdown: Trend Breakdown & Structure Shift: Following a fake breakout at the highs, BTC decisively broke down through the ascending trendline, confirming a clear bearish Market Structure Shift (MSS). Order Block Mitigation: The recent corrective rally pushed straight back into a premium confluence area—testing the Major Support turned Resistance & Order Block zone around the 66,000–67,000 level. Bearish Rejection: Price has strongly rejected this Order Block, printing lower highs and lower lows, which signals that institutional sellers are defending this zone. Draw on Liquidity: With the bearish order flow firmly intact, the algorithmic path of least resistance points directly downward. The ultimate downside target is the major pool of Sell-Side Liquidity (SSL) resting just below the 58,000 key psychological level. 💬 What is your outlook on Bitcoin? Do you think this Order Block rejection will send price straight down to sweep the 58,000 liquidity pool, or will we see a surprise reversal? Drop your technical views in the comments below! 🚀 Institutional Analysis: Visit my profile and follow for high-probability SMC and ICT market setups.