#BTC
BTC UPDATE:
According to my previous update, BTC was bearish, and it has now successfully created a downside BOS (Break of Structure).
The structure of BTC is still bearish, and according to Smart Money Concepts (SMC), there are two possible scenarios:
1. BTC will move upwards to take inducement at 106k, then drop down to create a BOS and continue its bearish trend.
2. BTC will break its recent low ( 100,305 ) before taking the inducement, effectively shifting the inducement point.
Note: If BTC moves up to take the inducement at 106k, it's possible that BTC may create a fake CHOCH by breaking 106775, and then take supply from the resistance zone at 108350 - 108900 to continue its bearish trend.