$BTC CURRENTLY TRADING BELOW THE CRUCIAL RESISTANCE LEVEL OF 107K, INDICATING THAT BEARS ARE STILL IN CONTROL.

UNTIL WE SEE A STRONG BREAKOUT AND A DAILY CLOSE ABOVE 107K WITH VOLUME, THE MARKET REMAINS VULNERABLE TO DESCENDING MOVES.

IF BULLS FAIL TO OVERCOME, WE COULD SEE A CORRECTION TOWARDS THE SUPPORT AREA 98K–99K — A LEVEL WHERE BUYERS HAVE INTERVENED PREVIOUSLY.$TAO