On BTC locally

Yesterday we dropped by 5% and are currently trading around $86,400. Against the backdrop of the drop, a 4-hour imbalance formed at $89,400-$87,100.

Yesterday we changed the local upward structure and now the main focus is on the downward movement. I want to see a test of the imbalance and a continuation of the decline towards the liquidity around $83,800 and monitor the price reaction in this range.

If the price manages to stay above the level of $89,400, then we can consider longs to targets in the range of $92,700-$94,400.