So where next for #BTC ?

EITHER - A corrective rally toward:

$94,000–$96,000
Retest of breakdown level
Near the 1.0 Fib zone
Also near the dashed trendline.

OR $103,000
The true decision point
Prior support now resistance
If broken then trend resumes upward
Bullish confirmation
A 4H or daily close above $103K flips market structure back bullish and negates further downside Fibonacci extensions.

However, Bearish Case (Still possible if rally stalls at $94–96K)
If price cannot reclaim $94K–$96K and rejects from the trendline:
Next downside levels
$85,500 (1.382 extension – already tested once)
$80,300 (1.618 extension – high-probability retest area)
$76K–$78K (macro liquidity pocket)
This bearish path would map a full 5-wave structure down, completing a larger degree correction.

Given:
RSI bullish divergence
Price already at major extension support
Reclaiming $90–91K region cleanly
Sellers showing exhaustion
A relief rally to at least $94–96K is the most likely next move.
From there, the reaction determines the real direction.
Your invalidation levels
Bullish invalidation: Price closes below $84K again
Bearish invalidation: Price closes above $BTC $103K