Bearish Setup – Possible Reversal from Key Levels

The market has been respecting an ascending trendline, creating higher highs and higher lows. However, recent structure shows multiple CHoCH (Change of Character) patterns, signaling that bullish momentum is fading.

Price has entered a distribution zone where buying pressure is weakening, and sellers are beginning to absorb liquidity. The overlapping ranges on the chart suggest exhaustion of buyers and preparation for a potential downside move.

A clean break below the trendline would confirm loss of bullish control and could trigger a shift toward bearish momentum. If this occurs, short positions may become favorable, targeting previous demand zones or structural lows.

Key confirmations for bearish bias:
Multiple CHoCHs forming near supply zones.
Volume profile showing heavy activity at highs → possible distribution.
Break of ascending trendline would validate downside continuation.