BTC has a nice small correctional movement towards the area of the EMAs, where price had rejection and now is showing signs of downside movement.
What we see is a similar structure that we have seen before as well, wherein a short-term downtrend price likes to form a new break of the local lows zone (BOS in other terms).
So as price had its smaller correction now, the most logical thing would be a short to a lower area, where we might see another liquidity sweep and then another smaller correction.
BTCUSDT
Perp
66,275.8
-1.74%