BTC UPDATE
Bitcoin for me on 1W after losing this trendline is still trading in the middle of nowhere. There is no real support till $89K. The range to target should be $89K - $85K ideally. And after the daily close $98K, bullish structure is lost anyway, from this point onwards, each upside move is a retracement wave and an opportunity to short, sooner we realize, better it is going to be.
And this is first time since October 2023 that price is losing all major dynamic levels on higher timeframe along with the structural change also obviously. $108.5K - $112K on 1W remains an ideal zone to short if we see a bounce towards these level, although a weekly close above $103K, realistically speaking may not happen and it is most likely going to be just a wick into this above mentioned range on 1W.
