Market reversal?
Last night, $BTC went below 96.5k for the first time since November, breaking out of the range where we've been trading for over a month.
Essentially, we're seeing exactly what we've discussed multiple times as the base scenario: removal of liquidity clusters above 96k prior to a potential strong downward move.
What are our short-term options?
Ideally, we'd like to see $BTC close above 95k — this would confirm a local uptrend and give the market room to 'breathe': shake out alts, memes, and embrace new narratives.
In such a case, the next target would be the second major liquidity cluster in the 98–100k range, though a move into this zone currently seems unlikely.
If the price fails to hold above 95k, then a pullback to 87–88k is highly probable within the next 1–2 weeks.
The market is currently green, and alts have slightly increased. For those holding positions or long-term token holders, this is a good opportunity to partially take profits at higher prices. Altseason is clearly not imminent, but during this 'green phase,' local opportunities will emerge that must be acted upon promptly and not missed. So get involved and keep your finger on the pulse.
Last night, $BTC went below 96.5k for the first time since November, breaking out of the range where we've been trading for over a month.
Essentially, we're seeing exactly what we've discussed multiple times as the base scenario: removal of liquidity clusters above 96k prior to a potential strong downward move.
What are our short-term options?
Ideally, we'd like to see $BTC close above 95k — this would confirm a local uptrend and give the market room to 'breathe': shake out alts, memes, and embrace new narratives.
In such a case, the next target would be the second major liquidity cluster in the 98–100k range, though a move into this zone currently seems unlikely.
If the price fails to hold above 95k, then a pullback to 87–88k is highly probable within the next 1–2 weeks.
The market is currently green, and alts have slightly increased. For those holding positions or long-term token holders, this is a good opportunity to partially take profits at higher prices. Altseason is clearly not imminent, but during this 'green phase,' local opportunities will emerge that must be acted upon promptly and not missed. So get involved and keep your finger on the pulse.