Bitcoin Local Analysis
- Trend Break: Bitcoin broke down from its local trend, creating a gap at $97,300.
- Potential Correction: This could lead to a correction towards $92,000-$90,000.
- Open Gap: There's an open gap at $92,000, which might be filled in the next two days.
- Liquidity Zone: The $100,000 liquidity zone remains untouched.
- Market Sentiment: Funding rates are negative, indicating more shorts in the market.
Possible Scenario
1. Short-term Move: Expect a potential drop to $92,000-$90,000.
2. Rebound: After filling the gap, Bitcoin might rebound towards $97,300.
Keep in mind that market predictions are subject to change and might not always be accurate.
