BTC continues the correction trend

Last night, BTC had a rebound wave; however, it has not yet surpassed the higher price level compared to the previous rebound wave. Currently, the price structure is forming lower highs and lower lows – this is a common structure during correction phases.

The trading plan remains unchanged: the potential buying zone is the support area of 77k-80k. This area is wider than the previous buying zone because it is the support of the 1D candle frame, which often requires a larger width than support in the H4 frame.

Having only experienced two days of decline, many traders have started to "fall off," losing all profits or even going into negative capital. This indicates a need to reconsider order management strategies and prioritize trading according to larger waves. BTC has seen a significant increase recently, so a healthy correction is entirely necessary and normal.

Stay strong mentally and adhere to the trading plan!