Why Every Bitcoin Macro Triangle Breakdown Has Led To A Retracement Phase

From a technical perspective, the price is trading below the high-timeframe Exponential Moving Averages (EMAs), showing that the broader trend remains bearish despite recent upward moves. On lower timeframes, BTC has already experienced a market structure shift, followed by a breakdown below recent lows.

Furthermore, the latest rally was largely driven by news and not supported by organic price action. Historically, such impulsive moves tend to retrace. All of these combined make the downside the higher probability moves.