$BTC 4H
BTC is currently experiencing a bearish structure, characterized by "decreasing highs and lower lows."
Although the CME gap has been filled, there has been no reaction.
The potential extreme retracement level is below 112,000.
112,000 represents a roughly 20% retracement from the top, and as a support/resistance trade between previous highs, a reaction should be expected.
Yesterday, the altcoin OTHERS 293B shouted in the group about his family fleeing, also at the intraday high.
Wait for market clarity (ending a few days into August) before entering a long position.
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