In this market commentary, the analyst identifies a bearish order block currently present but notes that the broader market structure remains bullish. He explains that a definitive shift to bearish order flow will occur only if the price closes below $105,000 on a 1‑hour chart. Should this trigger happen, the analyst predicts the price will move down to around $103,000 and possibly reach $100,000 within the next few days.
This is the bearish order block at the moment. We technically have a change in state of delivery, although overall, like overall, if you read the market structure, if you read the trend or whatever, you are still in bullish order flow. This will change, right? This will 100% change if you are able to close on a 1-hourly chart below $105,000. If you're able to get a candle close underneath this level, then 100% you're in bearish order flow and price will target this level right here and $103,000 and potentially even $100,000 in the upcoming few days.
