Bearish Shark Harmonic: Bitcoin Faces Potential Pullback

Bitcoin has confirmed a bearish shark harmonic on the intraday timeframe, indicating potential for a short-term correction. Volume remains average, with no signs of a short squeeze behind the move, increasing the likelihood of a reversal back into key volume zones.

Key Highlights:

Price testing the Value Area High — a key inflection level
Downside targets: Point of Control and 0.618 Fibonacci retracement
No short squeeze detected — risk of long squeeze triggering range rotation