Btcusdt🪙

Bear picture, here without options. Sellers are now clearly dominated by. After the peak, the price flew down and, most importantly, easily broke through a strong support level of $ 116,700. It was an important line, and his breakdown was a bad sign.

The main scenario: if this level does not resist and we will leave below, then, most likely, the fall will continue. The next obvious goal is the recent minimum in the region of $ 112,000.

Is there an alternative? There is always a chance for a rebound, but for this, customers need to show real power. They need to not just hold $ 114,000, but powerfully redeem the price and return it back for $ 116,700. To be honest, so far it looks unlikely.

Bottom line: The situation looks down. The key mark is $ 114,000. A breakdown of this level will confirm that the bears control the market and are ready to move the price further.‌‌