Complete analysis Bitcoin $BTC 👇

Are we entering a bear market? Why are we falling so fast?

Bitcoin has been fluctuating for months between $98k and $124k. Within this range, we have risen, fallen, and risen again.

We are in a clear sideways movement.

Right now we are at short range supports, around $106K-$108K.

Looking down, the most important level is $98,200.

This is the key level that we MUST not lose.

If Bitcoin falls below, it must recover quickly. If it stays below $98,200 for too long, then there would be reason to worry.

As long as it stays above, the structure remains intact.

Why does it cost so much to upload?

The market is lacking gasoline.

Look at the chart: rising from the lows to the high zone ($115K) is very costly. But falling is quick.

Reason: there is a lot of bearish pressure, many open shorts. The longs disappeared since the liquidation on October 10. There is pessimism.

Result: going up is hard, going down is easy. Typical of sideways ranges without strength.

The most important thing now is not to be emotionally swayed by candle swings. The market is in a boring moment, but that's normal.

The important timeframe is 12 hours/daily. In 4 hours, you lose perspective and it affects you more emotionally.

As long as we do not lose $98,200 in a sustained manner, we are still in the game.

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