Bitcoin Bearish Below $115,000 Says Analyst Josh Olszewicz

Key Points from Josh Olszewicz's Analysis:

Bitcoin remains in a bearish trend until it reclaims $115,000. Currently trading at $103,634.
Ethereum is also negative but less so, requiring a reclaim of $4,200 for a bullish outlook.
Bearish indicators for Bitcoin include a bearish Chikou span, downside moving-average crosses, and head-and-shoulders patterns.
Derivatives premia are hitting multi-month lows, indicating a lack of market froth.
Macro factors such as the U.S. government shutdown and employment data drought add to volatility concerns.
Inflation metrics are mixed; rising Trueflation versus a not-so-dire Fed nowcast.
Liquidity issues and dollar strength present additional challenges for Bitcoin.
Equities remain strong, but if they reverse, Bitcoin could face further decline.
Miners outperformed due to AI developments rather than Bitcoin fundamentals.
Market sentiment is cautious with more investors taking profits as cycle matures.

For a shift in market sentiment, Bitcoin needs to break above $115,000, or else the bearish outlook persists.