The crypto market is currently in a bearish trend, showing a bearish market structure. A double top pattern has formed, indicating a potential reversal, and there has been a reaction in the imbalance and at a key resistance level. A strong bearish engulfing candle followed, signaling a breakout to the downside. Liquidity was taken out on the 4-hour chart, suggesting further downward movement. Cryptocurrencies have been declining, and this downturn is making headlines everywhere.
