The expected level of around 105600 for shorts has been reached, and I see a bearish direction down to about 97000, possibly hitting 95000. In the short term, we can look at the 8-hour tunnel, which means support around the level of 102800. The RSI is approaching overbought territory, combined with Powell's remarks at 2 PM and the current influx of news. Those looking to bottom-fish and switch to long positions should wait a bit. $BTC

The expectation of being bearish on the daily line has always been present. Treat this as a head and shoulders pattern or the M-top that lowers the peak. On the 4-hour chart, it has fallen whenever it touches the previous support and resistance levels. These important positions are 110400 and 108800. In general, any rebounds should be seen as short opportunities, and then observe the rebound near 100500. The reasoning is all in the candlestick chart; after analyzing well, just execute it. The most perfect scenario would be to continue to lay out bearish positions around 105600 after a rebound, and alerts can be set up. $BTC