$BTC sliced through the 200W EMA level like it's nothing.

Now, there are 2 scenarios:

BTC reclaims the 200W EMA, and in that case, a relief rally could happen towards the 100W EMA ($86,000).

And if Bitcoin fails to reclaim the 200W EMA level, it will dump to 100W EMA soon.

Historically, whenever BTC has touched the 100W EMA, 80% of BTC downside had already happened.