The sell-off observed after the rejection at the all-time high (ATH) drives the narrative #BTCDown100k
Critical Support: The key lies in the psychological and technical level of $100,000. A confirmed break below this support would recalibrate it as a major resistance.
Demand Zone: We observe a vital consolidation between $98,500 and $92,300. Losing this range would validate deeper bearish targets.
Key Indicator (RSI 1D): The Relative Strength Index (RSI) is approaching the oversold zone (sub-30). A technical rebound is likely, but if the RSI firmly falls below 30, short-term selling pressure will intensify, reinforcing the thesis #BTCDown100k.
Risk Management: Monitor the daily closing. If the support of $92,300 is lost, the search for the next relevant structural support is activated.
