📉 $BTC STILL UNDER SELLING PRESSURE — BUT THE STRUCTURE SAYS THIS IS A CORRECTION, NOT A TOP 📉
Where we stand:
🔻$BTC
remains capped below the 50-week SMA (~$75,500) and below the red line — former support now acting as resistance.
The daily chart picture:
📊 The rise from the July low is a clean 5-wave move — meaning the current pullback is corrective within a larger recovery, not a trend reversal.
What needs to hold:
🛡️ Support zone: $63,326 – $74,804
✅ As long as this zone holds AND a first local impulse forms…
🎯 Upside target: $100,000+
The key takeaway:
Waves don't lie — but support does the talking. Bulls need to defend the zone and print that first impulse to flip the narrative. Until then, pressure remains. ⚖️
Are you buying the correction or waiting for confirmation? 👇
#BTC #Bitcoin #Crypto #TechnicalAnalysis #TA #CryptoTrading #BullRun #Web3
Where we stand:
🔻$BTC
remains capped below the 50-week SMA (~$75,500) and below the red line — former support now acting as resistance.
The daily chart picture:
📊 The rise from the July low is a clean 5-wave move — meaning the current pullback is corrective within a larger recovery, not a trend reversal.
What needs to hold:
🛡️ Support zone: $63,326 – $74,804
✅ As long as this zone holds AND a first local impulse forms…
🎯 Upside target: $100,000+
The key takeaway:
Waves don't lie — but support does the talking. Bulls need to defend the zone and print that first impulse to flip the narrative. Until then, pressure remains. ⚖️
Are you buying the correction or waiting for confirmation? 👇
#BTC #Bitcoin #Crypto #TechnicalAnalysis #TA #CryptoTrading #BullRun #Web3
