Bitcoin in correction

After a news-driven impulse to the liquidity target near $113,600, BTC dropped ~5% and is now trading around $108,000. A 4h imbalance has formed at $109,500–$111,000.
As long as price stays below $109,500–$111,000, the bias remains bearish. The current move looks like a retest of that imbalance, with risk of continuation toward $106,000–$105,000, where the next liquidity zone sits.

Key focus: the reaction inside $109,500–$111,000. If sellers defend that area, the decline can continue.