Overall, $BTC has been in a downtrend for weeks.

There are two possible scenarios I’m planning for next:

1. If we reclaim the $88,200 level, I’ll look for a long with a tight invalidation. This current dip could still be a higher low.

2. If we lose the current level, then a new lower low becomes likely, potentially around the $71k area.

As always, this depends on how price reacts. I’ll keep my invalidation tight, stay unbiased, and adapt like water.