Quick take:
BTC just made a sharp impulsive drop, leaving two CME gaps in play.
Upside magnet: ~96–97k (upper CME gap) — any bounce could be capped there.
Downside risk: ~88–89k (lower CME gap) — if momentum stays weak, price may hunt that liquidity.
Short-term: range + gap-driven price action. Volatility likely until one gap gets filled.
