Is a full 20% drop for $BTC still on the table?

Overview
Following my detailed BTC April analysis, which mapped out monthly, daily (D1), and weekly (W) timeframes, I’m now providing a more refined analysis. The previous post offered a broad framework but lacked precision for actionable steps. Today’s focus is: "The Golden Hour for BTC’s SHORT Point – A 20% Value Drop?"
Why 20%?
- $BTC is in an upward correction phase, moving through two zones:
- Zone 1: $80,000 to $88,000.
- Zone 2: $81,600 to the current price of ~$85,300.
From here, BTC could reach peak zones at:
- Zone 1: $87,600.
- Zone 2: $88,800.
- Zone 3: $92,000.
If BTC hits these peaks, a drop to ~$70,000 is possible, marking a 20% decline. For example, a drop from $87,600 to $70,000 is roughly 20%.
Current Situation
- Current BTC Price: $85,000.
- We’re in the second upward wave, nearing the peak zones. This suggests a potential sharp decline ("earthquake and tsunami") could occur soon.
Market Impact
- Market Cap: A 20% BTC drop could reduce the crypto market cap (currently ~$2-3 trillion) by 15-20%, as BTC comprises 50-60% of the market.
- Altcoins: Altcoins may drop more significantly—30-50% for smaller coins, while stronger ones like ETH might fall 20-25%.
Conclusion
BTC’s upward correction may soon hit a peak at $87,600, $88,800, or $92,000, potentially triggering a 20% drop to $70,000. Watch these levels closely for a SHORT opportunity. Stay prepared!