#Bitcoin The clearest thing visible in the daily chart is that the OBO formation, which has been followed for a long time, has truly worked. The head region is around 124k, and the shoulders formed in the 112–114k band. After breaking the neckline at 105,500–106,000, the subsequent retest sell-offs significantly strengthened and accelerated the drop. The price passed 99,600 first, then 93,600, and is now testing the 85,250 (Fib 0.786) support. This area is important as it overlaps both with the OBO target and the previously broken supports. Short-term EMAs (8-21) are still negative, and the price is well below these averages. So, the downtrend is maintained. The stochastic RSI is oversold but moving horizontally; this does not provide a clear reversal signal for now. $BTC