It seems to me that BTC is indeed going down. Below 90k. And in my opinion, it must go there.

The previous four-hour candle significantly spoiled the picture for BTC. This is a bearish engulfing pattern, and the bears fell just short of converting the price into a stable downtrend on the 4-hour timeframe according to our indicator.

Currently, there has only been one basic target fulfilled for the stable uptrend established on December 25 - $99,684. Breaking the uptrend after such modest fulfillment is a rare precedent for #BTC on this timeframe. The last time this happened with our indicator was back in early July of this year. Since then, with a signal of a stable uptrend, at least basic targets (and often additional ones) have been fulfilled in 12 out of 13 cases. For example, the previous signal from December 11 at the peak yielded +7.1%, with three basic targets and one additional being fulfilled.