Has the BTC correction ended???

Conclusion: Before a fierce correction, BTC will most likely reach 100,000 dollars. As long as it breaks 100,000 dollars, the peak of this wave will definitely exceed 100,000.

However, I personally feel it is unlikely to exceed 110,000. Based on past experience, once important psychological barriers are broken, they typically do not go too far. For example, after the last wave broke 40,000 in January 2021, it only reached around 41,950.

Take a look at BTC's daily adjustments at high positions over the past few days. Just by observing this momentum, it's clear there is no panic in buying, directly relying on the upper channel to buy aggressively.

Regardless of any technical indicators, whether looking at daily or weekly charts, BTC is in an absolutely overbought state, but overbought conditions will only lead to more overbuying, until panic selling and a severe crash occurs.

Past triggers for BTC crashes include:

1. US stock market decline

2. Negative news (e.g., regulatory crackdowns)

3. Simply crashing after a significant increase

This time, it does not appear that the US stock market will crash, and the knowledge of the king coming to power has offset 90% of the negative news. So the reason is simply that it has risen too much and is about to crash.

I personally believe there is no need to fear missing out; waiting for the altcoins to experience a fierce correction of 30-40% is the real opportunity to buy the dip.

Remember that in January 2021, the BTC correction was actually the beginning of the altcoin season.