Many traders panicked โ but this drop was no surprise if youโve been tracking the short-term wave pattern. The top near $126,200 marked the end of a mini-cycle, followed by a textbook washout. ๐
๐ The โComfortableโ Washout โ Not Panic, Precision.
Both long and short traders got trapped as liquidations swept through the market.
The 4H chart now confirms a top divergence โ clear signs of short-term exhaustion, but the cleanup isnโt done yet.
๐ My Strategy:
Iโm accumulating above $120,000, waiting for confirmation signals.
๐ฏ Targets:
TP1: $123,300
TP2: $124,400
This zone looks like a rebound pocket before BTC resumes its larger bullish rhythm.
โ๏ธ Technical Snapshot:
4H RSI: Strong divergence โ likely bottoming soon โ
Volume: Dropping on the sell-off (no panic selling)
Pattern: Divergence โ Flush โ Accumulation
๐ก Once liquidity returns above $121.5K, expect a swift recovery wave.
๐ง Key Takeaway:
Donโt get shaken out by volatility โ this dip is a liquidity reset, not a trend reversal.
If my read holds true, weโll see BTC reclaim $123K+ fast. ๐
#BTC #Bitcoin #CryptoTrading #MarketUptober #BinanceHODLer2Z #mdkharoonafridi $BTC