So, crypto enthusiasts, did you dream of 100K? Here’s the reality! The market has once again decided to demonstrate who is in charge. Instead of a fairy-tale rise, we see a typical scenario. As soon as most believed in a new historical maximum, the price went down. Who would have thought, right?
A cold shower instead of euphoria
Bitcoin has not been able to reach the coveted 100K, despite all the dreams and hype on social media. Instead, we are facing quite a predictable correction. And if you haven't noticed, this is not the first time the market shatters the dreams of those who put on "rose-colored glasses" too early.
The current situation leaves the question: what’s next? Many thought that 100K was just a matter of time. But now it becomes clear that the market is pushing the price down. It remains to understand how deep it is willing to dive.
Key support or the beginning of a decline?
Currently, some traders are focused around the mirror support zone at the intersection with the 4-hour Ichimoku Cloud. It's simple here:
If a bounce upwards occurs and there are increased volumes, the chances of a recovery remain.
However, if the market does not do this, prepare to see marks of 85K, or even 78K.
Let's agree, the prospects don't look that rosy. Especially considering that each new wave of panic adds sales and increases pressure on the price.
A little about the fairy tales of 100K
Let's be honest, many "mom's analysts" have gotten too carried away with predictions. In reality, the market has proven multiple times that such round levels attract only excessive attention. In reality, prices are determined by volumes, large players, and news. Emotional predictions only confuse things.
Maybe it's time to stop believing in the myths of a "quick rise" and accept that corrections are a normal thing? Especially since each of you has probably already heard: "When everyone expects growth, a decline comes."
Let's look at the situation soberly:
Where are the volumes? Without decent buying volumes, there can be no talk of a bounce upwards. If the market is silent now, it’s likely that buyers have taken a pause.
Too many hopes on the Ichimoku Cloud. Yes, it’s a useful tool, but building a strategy solely on its signals is like waiting for a bus at an abandoned stop. Maybe it’s worth checking other support levels?
Context is more important. Why is no one talking about the macroeconomic situation, regulators, and the stock market? Without this analysis, the picture remains incomplete.
Should we be afraid?
Well, it depends on how you are used to perceiving the market. For those holding positions from low levels, the current decline may just be another turn in volatility. But if you bought at the highs hoping for "quick wealth", then it's time to ask yourself: are you ready to hold your position when the price drops to 78K?
Conclusion
Bitcoin once again reminds: "Don't build illusions." The current correction is not a tragedy, but also not a reason for euphoria. Rather, it's a reminder that the market owes nothing to anyone. If you want to stay afloat, dream less about 100K and pay more attention to real signals.