This is a weekly Bitcoin analysis, where the analyst emphasizes the importance of not being emotionally attached to any conclusion, sticking to the data. BTC's loss of the $115,000 support is seen to be the cause of a flash correction between the $113,000 and $114,000 range. BTC rejected that range. The next level for BTC short term, and expected from a measured move down, is $110,000. A breakdown of that support will take it to 98. This is to be expected, and the data should be respected. Looking at the total crypto market cap it is at 3.77T, and is showing a bearish engulfing candle with the break of the weekly 3.73T level. Total marketcap is going down to 3.04T if it continues to play out. The Dollar Index has found new support at 98 with expectation to move up to 101.5 level. The ES1!, the S&P 500 is looking terrible with the sellers taking over and a break down of the daily level. There is a large short positions in ETH and BTC.