#BTC
Hey there, friends.
Remember my last post where I talked about the final stage of the impulse and a potential spike to 82โ83K followed by a market cool-off? ๐
Well, it pretty much played out flawlessly: first, they gave an upward impulse, grabbed liquidity at the top, and then the market calmly went into correction right into the zones I mentioned earlier.
Now the situation is looking more interesting ๐
BTC has noticeably unloaded, some excess longs have been shaken out, and the market's emotions have calmed down. In these scenarios, the market typically starts seeking a new balance before the next move.
In my opinion, unless some strong negative news pops up, the market is gearing up for a local reversal upwards ๐
I think by tomorrow we could see movement back towards the 80โ81K range.
Especially if buyers continue to hold the current levels and donโt let sellers push the price below the recent lows.
Right now, the structure feels more like a regular correction after a decent rally rather than the start of a crash.
The key now is to watch the price reactions and volumes. If they start actively buying up the dips, the upward momentum could be pretty swift.
DYOR
Hey there, friends.
Remember my last post where I talked about the final stage of the impulse and a potential spike to 82โ83K followed by a market cool-off? ๐
Well, it pretty much played out flawlessly: first, they gave an upward impulse, grabbed liquidity at the top, and then the market calmly went into correction right into the zones I mentioned earlier.
Now the situation is looking more interesting ๐
BTC has noticeably unloaded, some excess longs have been shaken out, and the market's emotions have calmed down. In these scenarios, the market typically starts seeking a new balance before the next move.
In my opinion, unless some strong negative news pops up, the market is gearing up for a local reversal upwards ๐
I think by tomorrow we could see movement back towards the 80โ81K range.
Especially if buyers continue to hold the current levels and donโt let sellers push the price below the recent lows.
Right now, the structure feels more like a regular correction after a decent rally rather than the start of a crash.
The key now is to watch the price reactions and volumes. If they start actively buying up the dips, the upward momentum could be pretty swift.
DYOR
