We moved down to 104k rather than going up to 116k first (which is not ideal imo). That being said, in my last Youtube vid (pinned tweet) I talked about how it was very possibly BTC moves down to clear the wick it left in our last drop as unlike with alts the drop on BTC was relatively tame and orderbooks were not nuked of liquidity right before it. BTC still hasn't technically cleared the wicks on all exchanges (we saw 102k on some) but we have taken the wick low on Coinbase for now and tests the first significant area of demand on our downside. This also officially invalidates our "Scenario 2" (move below 105k) and at least removes some of the ambiguity left on low timeframes by the liquidation while confirming our Scenario 3 as the primary here. This does mean that we can technically see even sub 100k at this time (doesn't mean we must)- as our next major inval level is the HTF level at 74k. For now, key levels of interest are demand zone we just bounced off (which goes down to 98k), and above us as resistance the inefficiency at 116k and the local supply zone above. As previously mentioned may have to settle in for some chop before the next move is ready to play out.(CrediBULL Crypto)