BTC/USDT (1S) - Institutional
Professional analysis update

Bitcoin is currently around $68,000, within a strong correction movement after losing key support in the 80k–83k area. The breakout came with clear momentum, showing bearish pressure in the short term.

Looking at the structure on a weekly timeframe:
• The trend line that comes from the lows of 2023 is still intact.
• This correction is bringing the price back to a strong macro support zone.
• Below the current price is the previous accumulation zone + imbalance.

My projected bottom zone:

I am keeping a close eye on the US$ 55,000 – US$ 58,000 range.
Why exactly this area?
• Aligns directly with the long-term upward trend line
• Very close to the previous breakout/accumulation zone
• Strong psychological support at round number
• Potential liquidity sweep before continuation

If BTC reaches this zone and shows bullish reaction (strong rejection wicks, exploding volume, and structure change on the smaller timeframe), it could be our medium-term bottom.

But no need to panic. We wait for confirmation. If the momentum continues aggressively, total patience.

Plan:
• I will monitor the price action within the 55k–58k range looking for clear reversal structure. Until then, the market continues in correction.
• Discipline above Emotion.
• Let the market confirm the movement.

NFA - Not Financial Advice. DYOR.