Time to zoom out a little bit on bitcoin:native Panthi´s Level Watch (HTF) 🐈‍⬛ 🐾 It´s getting increasingly more likely, that we have already formed a structurally meaningful top around $87k. 🐾 As a major milestone target, I am looking at the $75k-$70k area. 🐾 A corrective, choppy 3-wave move leaves the door open toward another rally into the $90k-$110k area. 🐾 On the contrary, an impulsive 5-wave move from the high favors a corrective bounce next. But for now, there is no evidence for it on the chart. ⚠️ A sweep of the recent highs into the $88-$93k area is still very much possible even if for now the trend is down. ℹ️ Any strong bounce could make for a great short swing trade opportunity over the coming weeks, while long trades get increasingly more interesting around the B wave target area. 🔁 Let the market commit first. Stay prepared, not biased! 🤝🐈‍⬛