Technical analysis by thebailey about Symbol BTC on 12/9/2023

Monthly BTC outlook: it did create a CH in the monthly timeframe but didn't hit the OB or BOS line below. There are two scenarios: 1. The bearish trend has failed. 2. BTC may retest the upper POI before hitting the OB or BOS line below to close the gap. What to do? If there's a reaction in the monthly timeframe OB and there's a bearish sign, short it.