Everyone is waiting for some positive speech from Trump on Monday, the 20th, for $BTC and the crypto market in general. $GALA seems to be preparing for a big pull.
Tomorrow and Friday, there will be important American data in the 🇺🇸. $BTC may be anticipating a strong correction in the market in general, after 2 consecutive years of growth. Both the sp500 and NASDAQ closed with seller candles in larger time frames, such as monthly, where they also had 2 years of strong growth. If this leads to a fall, we may see much larger corrections in cryptocurrencies in general. By the way, $BTC in this same period rose 590%, going from $15,000 to $108,000 in 2 years. And from its maximum, it has corrected only 15% so far. It can easily reach the 84k range, or even 73k, which was the previous top and has not yet been tested, and we will still be in an uptrend in larger charts.
Beware of those who are telling you to buy at the top and saying that it is an infinite rise. Bitcoin is very stretched on the weekly and monthly charts. Sell signals have already been given for several altcoins, BTC is almost there.
🚨Now it's short🚨 As I mentioned yesterday on my profile, with images, target hit 🎯✅ Those who are excited will buy the top, and the market will turn around, liquidating everyone. But those who get stuck, don't worry. $BTC will make new highs again. It will just take a little longer than expected, due to the anxious sardines.
Liquidity trapped above the top and highs of previous weeks. Now the trend is: "And BTC will go down, it will go down, it will go down" 😂😂😂😂
$BTC in identical graphic patterns, in 2017 vs 2025. A huge bullish pull, reaching new historical highs. It reached $19 thousand dollars. Then the first signal occurs, a weekly sell candle. The following two weeks were sideways, and gave the impression that it would be an endless continuation of the rise for those excited. What happened? It broke the previous week's high, giving a lot of entry, took liquidity from the market, and fell.
On the daily, you can better see the movement. From $19 thousand dollars, it corrected to $11 thousand dollars, and then rose to $17 thousand. Overcoming a "possible" double bottom" that had formed. Right now, what could happen, when it surpasses the $100 thousand range.
Be careful! Don't buy tops or get stuck in operations. It's not worth the risk or return.
$BTC came out in January 2023 at $15,000 and went straight up to $73,000 in March 2024, breaking the previous high.
So we had a 6-month flag formation and a 33% pullback.
So we took the height of this leg, copied it, and from the low of this correction, we would know the target that bitcoin would reach.
It reaches exactly $108,000.
From the low of $15,000 to $108,000, in these 2 years, BTC appreciated by 590%.
So it can easily come back this year, even in the range of $73,000, which would be the previous high, test this region, to gain momentum and rise again strongly, seeking new targets.
Even with this correction, we would still be in a macro uptrend.
So be careful.
On a daily basis, it may not seem like the market is stretched.
But when you look at larger charts, weekly and monthly, it's scary.
A little more attention, because the SP500 and American stock exchanges are also close to their highs.
The only thing that bothers me, that is making me uncomfortable and not going all in, is the different context that global markets are in, and that no one is talking about. In 2021, the crazy rush for altcoins occurred after the COVID crash. When everything got cheap, people bought and injected money. There were 2 years of increases. 2022 correction. 2023/2024 increase. Now, the SP500 is at its historical high. And surprisingly, the same size of the previous leg of 2021/2022 was now, from 2023 to the end of 2024. In theory, in order to have that crazy rush and injection of money, in the crypto market and in general, there would have to be a good correction, if it were to perfectly follow what happened back in 2021, before the boom.
Caution. This increase could be to take liquidity from the market, and then melt away.
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