🕯 Looking at #BTC 1H

Bitcoin recently updated its historical maximum, reaching the mark of $93,200. However, the current market situation shows signs of weakening buyer activity, which may indicate a potential local correction.

Key observations:

Probability of a pullback: There is a lack of momentum from buyers, which increases the likelihood of a decline in the near future.

Area of interest: Attention should be paid to the range of $83,000–$85,000, where more favorable entry points for long positions in Bitcoin and altcoins may appear.

Risks at high levels: A rise to $95,000 is possible, but likely, a decline will follow that level. Participating in the current upward movement may not justify the risk.

Considering the current situation, I decided to revise my expectations. Instead of chasing a small rise above $93,000, I would prefer to wait for a correction and look for long entries only after the pullback. This will provide a more reliable potential for further growth.