The price of Bitcoin (BTC) has dropped by 5% - My analysis indicates an upcoming bullish trend.
The sharp decline in Bitcoin's price from $124,000 to below $118,000 in less than an hour has resulted in a loss of about $577 million from leveraged positions. It's the kind of volatility that often shakes weak investors out of the market.
From my analysis, this is not the end, but rather a setup. Large-scale liquidations like this tend to reset funding rates, remove excess leverage, and set the stage for the next bullish wave.
I am avoiding futures contracts at the moment and focusing on entering spot trades. My main observation area ranges between $121,000 and $122,000; any break of the price and stability above it could confirm bullish momentum.
From my experience, these moments of panic often precede strong recovery periods - and I am preparing for what could be the beginning of the next rise.
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