Bitcoin’s correction isn’t done yet — here’s my current outlook:
recently tagged a major long-term trendline that’s held since 2017. As expected, price reacted with a sharp pullback. This wasn’t just noise — it was a key technical move.
Now, let’s break it down:
🔹 There’s an unfilled FVG zone near $109K
🔹 That zone aligns with a crucial parallel channel and the broader uptrend line
🔹 It’s a high-confluence support level — a bounce from there makes a lot of sense
So yes, I still think there’s more downside in the short term before any strong recovery. But this drop could be constructive — filling the gap and setting the stage for a continuation move.
What about alts?
We just saw a mini alt run — Ethereum and a few others had solid moves. But don’t expect the momentum to last right now. Altcoin dominance is weak, and I anticipate BTC.D climbing soon — meaning Bitcoin likely outperforms alts in the near term.
That said, I’ve got my eyes on altcoins heading into October–December. That window looks promising for a true alt season.
Just sharing my perspective based on the structure — not financial advice.
Stay alert.