Hi All,

This is a continuation post from the previous, the macro bearish continuation formation.

As we refer to my other discussions, I did on the live stream and some posts, this always looked specially a bearish structure and as we have lower highs this range, points to the direction that we will break to the downside.
Onchain data conclusion we have is also indicating buyers are not interest here with the HODL references from a Short time perspective.
Longs are increasing which gives reason to squeeze them out.

I give it 70to 80% likely chance to drop to the downside and the height of this structure is the minimum target.
Refer to my chart here for minimum to max. targets.

All the best,
S.SAri