The picture in the market remains the same: the key support zone is $96,000.
This is an important reference point, but the market has now closely approached another equally significant mark — $102,500.
📉 If we break $102,500 downwards: with a high probability, we will go for a retest of the trend line — as has happened before. That’s when a local correction to the $96,000 zone can be expected.
There we will again look at the reaction — it will show whether the market has the strength to reverse and continue growing. If the reaction is weak or non-existent, the path opens to a deeper correction.
📈 Meanwhile, the highest probability remains for the positive scenario: if we get a clear and strong reaction from buyers when dropping to $96,000, the market may start moving towards a new ATH again.
Technically, the accumulation boundary lies around $102,000–$103,000. This is the last support zone, after which the area of imbalance begins — which means that if broken, the price may quickly drop to around $96,000, where the next liquid zone acts like a magnet.
If we ignore all the news noise and just look at the chart, the imbalance zones continue to play out.
They act like a magnet — attracting the price. And if the level around $102,000 is broken, then a return to the lower boundary of balance is just a matter of time 🤝
Your opinion: will we break 102k?