My Thoughts on the Current Market Movements
Hey everyone! Having been active in the market for 5-6 years now, I don’t necessarily trade every day, but I do make it a point to observe trends almost daily.
Recently, the downward spike we saw seemed like a liquidation of long positions, but in my opinion, it lacked significant strength. Right now, the market feels like it’s in a waiting phase. Based on today’s action, I’m anticipating a possible move to 105,500, which could break the previous peak before a pullback into lower zones that haven’t been tested yet (these unfilled orders feel like important levels to revisit).
Here’s how I see things playing out:
A pullback could set the stage for the price to return above 100K after dipping into those lower zones.
Alternatively, we might witness a sharp rally toward 110K, driven by a high percentage of short liquidations, causing a quick spike.
Both scenarios seem plausible given the current setup. The market is building up energy, and it feels like a decisive move is on the horizon. What’s your perspective on these possibilities?
#MarketMajorComeback #BTCReclaims101K #BTCNextDirection? $BTC $BNB
