Bitcoin is at a precarious position....

BTCUSD is at a pivotal spot. It could go either way... right? Not in my view. The structure is bearish. Period. Now, is there a possibility that price could reverse?? Sure. But where are the signs of this reversal?? Why are we still looking for signs that the bull run is not over? Why don't we just read the chart in front of us?
I could be wrong, as this crypto stuff doesn't always respect technicals. But... that's all I can hang my hat on. Technical analysis. That's all I got.
And in most cases, it is all I need.