Scenario: A deep correction that may shock traders$BTC

​This is the scenario that many fear, where the decline is not just a minor correction but turns into a deeper downward wave. This may be what some mean by "traders' shock."

Here are details with numbers and technical analyses that illustrate the possible next step for Bitcoin. 📈📉

​✅️Current situation in numbers

  • ​Current price: Bitcoin is currently trading in the range of approximately $112,200.

  • ​Decline from the peak: After reaching a new historical peak at $124,517, Bitcoin experienced a decline of more than 10% in a short period.

  • Market Value: The total market value of cryptocurrencies has decreased by more than 6%, indicating a widespread sell-off that was not limited to Bitcoin only.


    ​Support Levels:These are price levels where analysts expect strong buying demand that can halt the decline.

    • ​First support: $113,000 to $112,400. This range represents an initial bounce area.

    • ​Second support: $111,800 to $111,150. This level is considered very important, and if broken, it may lead to a deeper decline.

    • ​Critical support (shock level): $108,000 to $106,000. If the price reaches this range, we are likely to see more liquidations, and this is the scenario that could shock traders and push the price to much lower levels, perhaps to $100,000.
      ​Resistance Levels:These are price levels where analysts expect strong selling pressure that can halt the rise.

    • ​First resistance: $115,000. Breaking this level is considered a positive signal.

    • ​Main resistance: $118,400. This level aligns with the 50% Fibonacci retracement level of the recent decline, and breaking it will enhance confidence in the price recovery.

​✅️What do the numbers mean for traders?

​Current analysis indicates that Bitcoin's price is at a critical stage.

  • ​Bullish scenario: If Bitcoin manages to bounce from the support area at $113,000 and breaks the resistance at $115,000, it may resume its upward path toward retesting the historical peak at $124,517.

  • ​Bearish (shocking) scenario: If Bitcoin fails to hold above $111,000 and breaks it, this is likely to lead to a strong sell-off that may push it toward the $106,000 area or even lower. This scenario may cause a "

    shock" to traders who entered the market late.

​Ultimately, these numbers and analyses provide a framework for understanding market movements, but they do not guarantee any outcomes. Macro factors such as Federal Reserve decisions, regulatory news, and liquidity in the markets will determine the direction in the medium to long term.