WARNING: Bitcoin In Dangerous Position Yesterday, I shared a video about a bearish alternative scenario where Bitcoin could fall up to 50%. I am seeing more and more technical confluence that points to such a situation. The weekly MUST close very very bullish to fix the monthly and more importantly, the quarterly chart. If the weekly closes very bearish, we will instead potentially see a bearish Q4 and Q1 2026, despite me previously expecting the opposite. Right now, BTCUSD is showing the tightest Bollinger Band reading ever on the weekly and monthly timeframes. This is called a SQUEEZE setup. When it ends, it releases pent up energy and volatility creating a huge, trending move. As this happens, Bitcoin is at risk of losing a three-year uptrend channel, and there's an Evening Star pattern on the weekly chart. Monthly momentum has crossed bearish. Weekly momentum is also pointing more sharply down. The technical setup appears to point towards a move to the 1.618 Fib extension of the April swing low to the August swing high. I'm sensing the expanded flat situation could come together and cause everyone to think the cycle has ended. There's added confluence of the 200-week MA right where the 1.618 Fib extension target is.