🌎 GLOBAL BACKGROUND SUGGESTS A CORRECTION
Indexes are overheated, commodities are losing momentum, gold is high — a classic setup before a local unloading. The market is asking to shake off the excess. 🧹
🔍 TWO SCENARIOS FOR BITCOIN (on a lower time frame):
📌 Scenario #1 (False breakout)
The price goes below ~$69,059 for liquidity, will collect stop losses, and quickly return above $70,798. This will confirm the strength of buyers and the continuation of the uptrend since early March. 🚀
📌 Scenario #2 (Deep cleaning)
If sellers push through the current range, the next target is around $65,040 (the month's low and a liquidity cluster). This still fits within the ascending trend but will require more time for a reset. 🕰️
🧠 CONCLUSION:
As long as the structure is not broken, sell-offs are a search for liquidity,
and not a reversal. But the corrective phase should not be underestimated: it is what shakes out the weak hands. Next week will show whether we are limited to a quick collection of stop losses or will see a full pull down. 👀