$BTC 8.16 Bitcoin Trend Analysis
The medium to long-term outlook for Bitcoin remains bearish, with short positions favored during upward cycles.
The 116000-117000 range is an important support zone, expected to be tested repeatedly. The lower support zone is around 98.
The first target for the decline is around 98000, and the second target starts with the number 7.
Short positions in the 119500-120500 range.
