$BTC

$BTC Daily Chart
The overall structure continues to lean bullish on both the Daily and Weekly timeframes. Price has been respecting Fibonacci retracement levels and the marked support/resistance zones, which keeps my probabilities tilted toward upside continuation.

That said, there are levels to watch closely. A decisive close below $100k would begin to raise caution.

We still have the April CME Gap at $92k sitting below price, and while it could get tapped, my view is that this would only be concerning if price stalled down there. A quick move with a sharp V-shaped reversal would still fit inside a bullish framework, but extended time trading at those levels would start to look very bearish.

So far, BTC has wicked beneath the $105k support zone. I had been anticipating a correctional low forming somewhere between $100k and $105k, and that remains my base case.

From here, I am considering two outcomes:
- The low may already be in, setting the stage for the next leg higher.
- We could sweep the current low once more before this correction fully completes.

Either way, the broader trend remains intact, but these zones will be critical to monitor as we move forward.