This is the $BTC daily chart, and here are my honest expectations:
From what I see, this looks like a clear failed breakout. I don’t see any reason to turn bullish unless we break above $108,600 , that would make the structure neutral. A daily close above the all-time high would be super bullish.
Until that happens, I’ll be shorting any pumps.
I don’t have exact downside targets, but $104K-$105K seems very doable. Keep in mind, weekends can be super choppy, we might get wicks up to $109K, but don’t get bullish there.
This is my playbook, use it as you see fit.
