BTC has been rejected at the apparent resistance of the 25200 zone.
Gann Square, as applied, also implies that the buy-side liquidity above is hard to reach.
Moreover, a harmonic black swan pattern (black) has formed, which would trigger another potential bearish harmonic pattern - a dragon (red).
The bearish dragon's target would be 0.618 (20104) -0.786 (19001).
However, given the Gann Square Arc's support, 0.618 or shallower is likely for the initial move.
Comment:
Updated.
