$BTC is breaking down after the bears took over and hitting ATH at $124k. On this pullback there is a chance of a 50% retrace from the lows we made at $98.2k.

Using the fibs that target lies between $111.4k - $103.8k which is the yellow target box. From that zone we should get a bounce.

A break of that target zone to the downside will be more bearish opening up the chances of a dump all the way to $90k as the next targets.

{future}(BTCUSDT)