BTCUSDT Analysis by @planfomo

The analysis predicts a bearish trend for Bitcoin, targeting $93,000, while also considering a support range around $97,000, $95,000, and $93,000, with a failure level around $111,000. It identifies a descending channel. A potential pullback to $1800 in the near term, before forming an explosive pattern to the upside to prices of $4000 to $5000. It points out the strong resistance around the $2700-$2800 level which could trigger the movement. There is a fair value gap around the $1800 level, a previous buying point.