$BTC LTF Update

Locally, PA remains weak.
We’ve broken below the 4H channel that was holding since the $60k lows and flipped it — confirming a shift into a local downtrend.
From here, minimum expectation is a move towards ~$63.2k before any meaningful bounce (if not straight into new lows).
There is no bullish case on the LTF right now.
Only way that changes is if we:
• Break the local downtrend
• Reclaim the channel
• Get back above the red box
Until then, it’s weakness.
Not forcing longs in a downtrend.
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