#MarketPullback BTC: First Signs of a Deeper Correction

All these days, BTC has only been rising and has a clear bullish structure.

Today we can see a complete transformation showing the first signs of a downward correction.

It is too early to talk about a bearish trend.

Yesterday, the pattern transformed from bullish to bearish by falling below 106730, which corresponds to a strong support structure area.

Considering that this area was important, there is a chance to continue down to 102000 and perhaps even lower, down to 98000.

It could be a false breakdown to the downside; however, while showing this bearish pattern, we must be cautious and take this into consideration.