BTC — I wouldn't rush to wait for a reversal right now 👇
This is my subjective opinion. If you have a different one, feel free to share ‼️
I expect to see BTC in the near future around 110,500. Only after entering this zone can a reversal be correctly considered.
📍 Minimum 110,500, maximum downward I allow 105,500 ±1000.
Why specifically 110?
1️⃣ In the sideways range of 115k - 123k (marked on the screenshot with red lines), we made a deviation from the bottom, then from the top. Logically, the price should go down again after the deviation. Meanwhile, the 1D imbalancing is completely covered.
2️⃣ We are currently going down to test the support around 110k and to collect liquidity (longs' stop losses), which accumulated around 112k.
🎯 After this, in my opinion, BTC will be ready for a new ATH in the zone of 130k–135k. But this will not happen instantly 😉🤣
❗️The scenario will be canceled if we settle below 104k, then there is a risk of a deeper fall (unlikely).