📉 Market Volatility Analysis
I'm utterly astonished 🤯🤯🤯 by the speed of this move. As predicted just yesterday, massive amounts of capital—billions—were liquidated in a matter of hours.
Everyone was projecting a price of $120,000, yet
$BTC is now trading near $90,000, and the market sentiment has reversed immediately. The price has been range-bound between $86,000 and $90,000 for several days, and that underlying uncertainty finally triggered the correction.
I've re-examined the
$BTC chart configuration, and it reveals a highly recognizable pattern: a steep decline into a significant demand region, followed by a period of sideways consolidation and a subsequent, slow recovery. This market cycle is one we have certainly witnessed previously.
The larger uptrend remains valid provided that BTC maintains support above the $76,000 to $80,000 demand zone. This range has reliably attracted buying interest in the past, and the price is showing a reaction from it once more.
If bullish momentum starts to build from this level, the immediate resistance targets for the next leg up are situated between $100,000 and $110,000, setting the stage for a potential larger ascent toward $120,000 and beyond later. The underlying structure supports a continuation of the trend, not a widespread panic.
This is not a time to rush in and buy. It is a period to wait, carefully monitor, and strategically establish positions. Patience is key before the next substantial price movement begins.
#BTCNextMove #MarketTrend