Bitcoin correction isn't over yet - here's what I'm seeing
$BTC recently touched a key long-term trendline that’s been active since 2017. As expected, price reacted sharply and pulled back. This was no random drop - it was technical and significant.
Now, here's the thing...
🔹 There’s an unfilled FVG zone around $109K
🔹 That level also aligns with a major parallel channel and long-term upward trendline
🔹 It’s a strong confluence of support — a bounce from there would make sense
So yes, I still believe we’re heading lower short-term before any serious bounce. But that drop would likely be healthy - closing the gap and resetting for continuation.
As for altcoins?
We just had a mini alt season - Ethereum and a few select alts moved strong. But don’t expect it to continue just yet. Altcoin dominance is still weak. I expect BTC.D to rise in the near term, meaning BTC will outperform alts for now.
But come October–December, I’m eyeing alts seriously. That window could be prime for the next real alt season.
Not financial advice - just my honest view based on market structure.
Stay sharp.
#BTCUnbound #CFTCCryptoSprint #BTC