Support (Demand Zone): Around $90,000 — the projected downside .

✅ Current Market Structure:

We’re seeing lower highs and lower lows, which typically signals a downtrend.

The price recently fell from a resistance zone (marked in green) near $110,000.

Currently, we’re bouncing upward (forming a small correction) before a potential further drop.

✅ Key Levels:

Resistance (Supply Zone): Around $108,000–$111,000 — strong selling pressure here.

Support (Demand Zone): Around $90,000 — the projected downside target.

The price might break down toward that $90,000 range after a small upward correction.

✅ Expected Scenario:

The price may rebound toward $106,000 or even up toward $108,000 (forming a lower high), then reverse and continue its descent toward $100,000, and ultimately toward $90,000.

This forms a zig-zag down — a classical downtrend structure with lower tops and lower bottoms.

✨ If you’d like, I can:

Provide entry, stop-loss, and take-profit for a short trade.

Perform a more granular technical analysis with indicators (RSI, MACD, or Fibonacci).