$BTC Quick analysis
Yesterday, I closed all my long positions right before the dip — and I nailed it again! 😏
Current Status: The price is sitting in a neutral zone on the H4, likely moving sideways between $99,000 - $94,800 for now. 🕰️
Key Signal: The daily wick on the D1 kijun at $95,500 is showing potential for bullish continuation! 📈
That said, while the overall trend for #Bitcoin remains bullish, yesterday’s daily close could also mark a local top and hint at the start of a correction. 🚨📉
📊 RSI Watch: Both the monthly and weekly RSI are still heavily overbought, suggesting a possible test of key supports:
$90,200 - $88,000 - $84,000 - $78,000 🛠️
If bearish momentum increases, keep an eye on the $68,000 - $72,000 zone (previous ATH resistance). 🔍
Remember, in a bull market, corrections of 20-30% after a strong rally are perfectly normal and healthy for further upside! 💡
💥 Key Takeaways:
Current Price: Neutral, with pump-and-dump action expected in the short term.
Key Daily Support: $95,000 needs to hold for bulls to stay in control.
A bearish correction is possible — bulls should wait for a daily close above $99,500 for safer entries!
Altcoins: High volatility ahead! Adjust your risk exposure and targets during this phase. 🎢
🔑 As long as #Bitcoin consolidates above $78,000, the #altcoin market cap will likely continue growing over time. 🌱
👉 What’s your BTC price prediction? 👀
I’ve shared potential setups and key levels in my charts. Dive in for the details! 🎯
Stay cautious, and trade smart! 💼
👇👇👇👇read like or share#MarketCorrection