Bitcoin threatens an outside day after a 4% drop

Bitcoin is flashing some warning signs today as it turns lower following a pop yesterday. The gains from a day ago are now completely erased and more, highlighting a potential outside day reversal.
The bulls quickly took profits after a failure to break the May or June highs and it's starting to look like a series of lower highs are forming on the chart. There are also some higher lows this month so it's not decidedly bearish but some caution is warranted.
The larger risk trade is also slipping today on fears of the US getting involved in the Iran-Israel war.