
Bitcoin is blocked at the daily chart entity level of 106,000, which is also the top of the previous range, with the lower limit around 101,300. If the daily chart breaks out of this area, a phase direction will emerge.
Price decline needs to focus on returning to the previous consolidation area of 92,631/98,000. Even if the future trend is upward, the direction will be chosen based on this range.
The short-term 4-hour top prototype has appeared, and what follows may be a prolonged downward adjustment, which could take some time.