Good evening,
Many people doubted when I said that Bitcoin could correct to 73k by April or May before resuming its rise, but the order book data reinforces this possibility.
Strong support at 60k and 40k → Big players (whales) are positioning orders at these levels, suggesting that if the price drops to there, it could find strong liquidity for a resumption.
Strong resistance at 103k → The largest visible sell order is at this level, which could make it difficult to continue the rise in the short term.
Space in the book below 95k → If it loses this support, it could accelerate the fall, seeking liquidity further down.
The pattern remains consistent with Wyckoff's theory, and the November movement still seems to have been a warning. The structure is very reminiscent of 2021, when BTC fell from 60k to 30k before a new high. Those who followed that period know how it works.
Do you still think this correction won't happen?
$BTC
