The Trust Layer for Market Analysts

The analysis discusses Bitcoin's bearish weekly candle close below the bull market support band, suggesting a possible downtrend to $98,000-$100,000. A short-term analysis indicates sideways movement and a potential pullback, targeting support levels at $106,400 and $103,100. A negative momentum shift is seen with a retest of resistance at $109,500. Key levels of resistance are at 109,500 and 116,000. For a bullish reversal, BTC needs to break $116,000. The DXY remains range bound, while the S&P 500 exhibits weakness, with bearish targets set at 6300 if it remains below 6800. The total crypto market cap shows a breakdown below $3.65 trillion, with eyes set on the 50 EMA, channel upper band at around 98,000.