As predicted, Bitcoin$BTC price closed below the recent range high yesterday, confirming that last week's breakout was a false breakout. Currently, the price has retreated back into the previous range, with the low near $62,800. Additionally, most of the remaining downside liquidity has not yet been cleared, so market makers will soon attempt to eliminate this liquidity. I expect the current uptrend (blue) to break down soon. After that, I will monitor whether price will retest this breakdown point so we can add to our short positions. Subsequently, I expect price to decline rapidly to the range low and further test my primary liquidity target near $51,800.