Why market is still bearish?

$BTC miners are putting selling pressure and institutions also want low price so that they can buy. German Govt is also dumping their $BTC in market.

According to FOMC minutes, no cut on interest rate in july so panic selling is happening. This is everything according to the current data.

Now what is technical saying?

Many are saying $BTC will be bullish from this level as it is forming double bottom, it can happened but I don't believe.

Reason there is OB on weekly chart at 52k lvl. It should bounce from there because btc needs liquidity.

Second reason is: there is a lot of liquidity present below the 56k level , it can bounce from any of the level below 56500 but it can only go to around 63500 lvl and then it will come down to 52k and then bull run is possible.

These are my thoughts right now after matching everything. I can be wrong too but this is the best possible scenario which can be fit on the curren situation.

I have uploaded current market structure on telegram .

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