$BTC This correction has yet to show any reassuring | K线人生飞哥 on Binance Square

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K线人生飞哥

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$BTC This correction has yet to show any reassuring signals. After losing the $76,000 level, the short-term trend has clearly weakened. If the price fails to reclaim a key level soon, the next area to watch is around $67,000.

After five consecutive weeks of declines, the market needs more than a simple rebound—it needs buyers to return in earnest. Whether it forms a double bottom or some other base, it will take time to confirm. I don’t think an immediate reversal is likely.

I’m not in a hurry to buy the dip. A steep decline doesn’t mean the risks have disappeared.

I’d rather wait for a clear improvement in the trend before increasing my position. You don’t have to capture the very lowest candlesticks at the bottom. The most important thing in investing isn’t buying as cheaply as possible; it’s making sure that if you’re wrong, you don’t end up in a difficult position.

There are always opportunities. The ones truly worth making a substantial investment in are the ones you need to wait for the market to reveal on its own.

K线人生飞哥

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Yesterday during the livestream, I shared my thoughts with everyone about the upcoming market outlook for $BTC .

During Bitcoin’s bear-to-bull transition in 2023, the first trend wave rebounded from 15,000 to its first high, around 22,000. It then pulled back to around 20,500, where support was confirmed, before continuing its rebound to a second high of 22,500. The first trend wave then came to an end, and a daily-chart correction began, breaking below the 20,500 support level that had been tested during the pullback from the first high. The price fell to around 19,000, found support, and rebounded, before the second trend wave began.

Now, let’s compare that with the market in 2026. Bitcoin bottomed around 58,000, then spent a long time accumulating in the 60,000 range before the first trend wave began. It rebounded to its first high, around 82,000, then pulled back to support around 76,000. After that support held, it rebounded to around 87,000, the peak of our first trend wave. A daily-chart correction then began, and the price is currently testing the support around 76,000 that was established during the pullback from the first high. If we follow the 2023 playbook, this support level will most likely break. I expect a further pullback to around 70,000, followed by range-bound trading. However, because of the recent hacking incident, this period of consolidation may last longer. The second trend wave will need time to rebuild confidence.

I looked at a Bitcoin candlestick chart from 2023, when it broke out of its bottoming range, and compared it with the current 2026 chart as Bitcoin emerges from its bottoming range. They’re not exactly identical, but they’re pretty close. Why would there be a false breakdown? Because 76,000 is the psychological line in the sand for most retail investors. A decisive break below this level toward 70,000 would trigger widespread panic. Everyone would think this is just another bear-market rally, not a transition from a bear market to a bull market. Then panicked investors would sell, completing this phase of the shakeout before the second wave begins. Will history repeat itself? Let’s wait and see.