Here are some reasons why Bitcoin (BTC) is bearish ¹ ² ³:

- The price of BTC is approaching an all-time high, which may cause a correction or consolidation period.

- There are concerns of overheated markets, with high funding rates and open interest in BTC.

- The Federal Reserve is expected to maintain a hawkish stance on interest rates, which may impact the crypto market.

- There are divergences between price and oscillator indicators, which can signal a trend reversal.

- Historical price movements show that BTC has experienced significant crashes and bear markets in the past.

Please note that the crypto market is highly volatile, and prices can change rapidly. These reasons are not specific to the current market situation, and it is recommended to check with reliable sources for up-to-date information.$BTC #bitcoinhalving