Bitcoin fell another 4% to reach $92,000.

We continue to unload greed (which was at its peak) and also take out local passengers who were expecting endless growth.

The thing is that at the moment we had too much of an overweight of long positions, this factor acted as a barrier to further growth, since letting the bulk of traders earn is not according to the rules of the market itself. Therefore, in order to get rid of the mass long positions, the market was forced to react by moving in the opposite direction, to remove all these positions and to change the local mood.

As soon as the market unloads the main position and the advantage is already in the other direction, we will see the continuation of our upward trend. I allow the correction movement to be seen up to ~$85,000. There is a large shelf of liquidity there, as well as a strong level of support, which together are capable of reversing the local trend. However, along with the correction of Bitcoin, its dominance should gradually decrease, which in a short time will make the altcoin even stronger and more stable.

Therefore, if you are going to short the alto, do not play too much. This correction should be perceived as calmly and normally as possible, since after the next dive, we will see a strong jump in the alts.

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