$BTC bleeding lower in a downward staircase — highs untouched, lows getting swept over and over.

This structure? Classic setup for an explosive rip upside. When price keeps tapping lows but never challenges the highs, it's building energy for a violent snap back.

Don't be shocked if we retrace most of this drop in a handful of candles. That's how these coils unwind — fast and ugly for shorts.

Watch for the first break of structure to the upside. That's your signal the staircase is done.