My current BTC bias is a liquidity-first move.

I expect price to continue lower and sweep the sell-side liquidity resting beneath the recent lows. After that, I'll be looking for a shift in market structure and bullish displacement.

The descending trendline has already seen three valid reactions, making it an obvious area of liquidity. If price returns for a fourth interaction, I expect the trendline to give way, allowing BTC to break higher as buy-side liquidity is targeted.

Until the sell-side liquidity is taken, I remain patient and focused on that scenario.