X @Mayne

Market Sentiment - The analysis suggests a compelling case for bears calling a market top, with a clear invalidation point [1] - Gold and Equities have been outperforming BTC, indicating potential weakness in BTC if a market washout occurs [1] - The current price action (PA) is noted to be very similar to past market tops, but past performance is not a guarantee of future results [3] Key Technical Levels for BTC - The $109,000 - $111,000 range is identified as a crucial defense level; losing this area would invalidate short-term long positions [2] - The weekly structure remains bullish as long as there is no high timeframe (HTF) close below $98,000 [2]