๐จ BITCOIN IN A CRITICAL ZONE: WHAT IS HAPPENING WITH BTC? โฟ
Bitcoin is once again testing an area the market is closely watching.
๐ BTC: ~US$75,800
๐ Recent high: +US$82,000
๐ Pullback: around 7โ8%
But the important question is not simply whether Bitcoin is going to go up or down.
The real battle is around the US$75K area. ๐
๐ฅ 3 levels Iโm watching
๐ข US$75K โ current key support zone.
๐ก US$79Kโ80K โ reclaiming this area could show an improvement in momentum.
๐ด US$69Kโ70K โ a zone that could gain relevance if selling pressure continues.
๐ And the issue isnโt only Bitcoinโฆ
Current volatility is related to several factors:
๐ฆ Federal Reserve monetary policy
๐ฐ Global liquidity
๐ Institutional flows and ETFs
๐บ๐ธ Regulatory uncertainty in the U.S.
๐ Loss of momentum after the move toward US$82K
Bitcoin had a pretty fast rally before starting this correction.
Thatโs why a correction doesnโt automatically mean the bull cycle is over.
But it also doesnโt mean the price has to rebound immediately.
Right now, the market needs to show whoโs in control:
๐ Buyers: defending support levels.
๐ป Sellers: trying to push the price toward lower zones.
๐ง My main focus
I wouldnโt try to guess the next move.
I would mainly monitor:
PRICE + VOLUME + ETF + LIQUIDITY + MACRO
Because a breakout without volume can be very different from a breakout supported by a strong capital inflow.
๐ Now I want to hear your take:
Is Bitcoin building a new base around US$75K, or is there still a deeper correction to come?
Comment your scenario: ๐ / ๐ป
#Bitcoin #BTC #Crypto #BinanceSquare #Ethereum #CryptoMarket #Trading #BitcoinAnalysis
Bitcoin is once again testing an area the market is closely watching.
๐ BTC: ~US$75,800
๐ Recent high: +US$82,000
๐ Pullback: around 7โ8%
But the important question is not simply whether Bitcoin is going to go up or down.
The real battle is around the US$75K area. ๐
๐ฅ 3 levels Iโm watching
๐ข US$75K โ current key support zone.
๐ก US$79Kโ80K โ reclaiming this area could show an improvement in momentum.
๐ด US$69Kโ70K โ a zone that could gain relevance if selling pressure continues.
๐ And the issue isnโt only Bitcoinโฆ
Current volatility is related to several factors:
๐ฆ Federal Reserve monetary policy
๐ฐ Global liquidity
๐ Institutional flows and ETFs
๐บ๐ธ Regulatory uncertainty in the U.S.
๐ Loss of momentum after the move toward US$82K
Bitcoin had a pretty fast rally before starting this correction.
Thatโs why a correction doesnโt automatically mean the bull cycle is over.
But it also doesnโt mean the price has to rebound immediately.
Right now, the market needs to show whoโs in control:
๐ Buyers: defending support levels.
๐ป Sellers: trying to push the price toward lower zones.
๐ง My main focus
I wouldnโt try to guess the next move.
I would mainly monitor:
PRICE + VOLUME + ETF + LIQUIDITY + MACRO
Because a breakout without volume can be very different from a breakout supported by a strong capital inflow.
๐ Now I want to hear your take:
Is Bitcoin building a new base around US$75K, or is there still a deeper correction to come?
Comment your scenario: ๐ / ๐ป
#Bitcoin #BTC #Crypto #BinanceSquare #Ethereum #CryptoMarket #Trading #BitcoinAnalysis