The cryptocurrency market is always a swing. And when it comes to the main asset, Bitcoin, these are real air loops at a height of thousands of meters. After an impressive upward surge, which ended with an update of the historical maximum just above 93K, BTC decided to cool down a bit. And this is good news! After all, any inflated bubble sooner or later risks bursting, and a pause in the race is an opportunity for a healthy correction.
Post-marathon unloading
BTC, like an athlete after the finish line, stopped to catch its breath. At the moment, it is trading at 89K, and many market participants are expecting a correction. Obviously, such unloading is necessary after a rapid growth. After all, no one wants to see a crypto version of "Icarus" flying too close to the sun.
Points of support: where to expect Bitcoin?
The main support zones are now at 85K and 80K. This is where the fun begins. If you want to pick up BTC, do not rush. The market does not forgive rash actions. Wait for a clear signal from buyers: this will be either a confident rebound from 85K, or a continuation of the correction to 80K.
Once Bitcoin hits 85K, the real trading action will begin. If buyers show strength, short-term longs can be considered, hoping for a return above 90K. Think of this as a temporary "truce" where the market decides whether a new high is in order or whether it's time to rethink its strategy.
Deeper scenario: correction to 80K
But if the 85K level turns out to be weak and Bitcoin "breaks" lower, we are in for a more serious decline. This is a great opportunity for short-term shorts. Here, the 80K mark will loom on the horizon - this will be exactly the exit point where many big players will start entering with the hope of another strong upward breakthrough.
What's next?
My view on the current situation is optimistic, but with a touch of realism. A deeper correction is not the end, but a chance for a reboot. The better BTC consolidates at new levels, the higher the probability that the bubble will not collapse, and the market will receive a new impetus for growth. So I hope for a scenario with a correction to 80K: this will cool the market and open the door for a new wave of enthusiasm.
Moral of the story? Don't be afraid of corrections! They are not the enemy, but the best friend of those who look at the market with a cool head. Prepare strategies and wait for signals - the wave will lift only those who know how to stay on it. 😉
