The 5-minute timeframe is still rejecting bulls from reversing BTC. Again, a steady downtrend, again a large and dense pool of targets. Up to $109,756. A bit further there is also $109,420. The extreme additional target is actually $106,240, but it's currently difficult to assess the probability of reaching that level.

The low of yesterday's dump on the "Black Swan" at 110,680$ has indeed been updated. So far, there has been a bounce from it. How strong it is remains an open question, and until there is at least a new uptrend on the 5-minute timeframe, one should not get carried away.

We are keeping our order at 110,200$ active.