Bitcoin is back at it again—moving like a pro dancer, but this time, it's doing a correction move! One step up, two steps down, a little spin, and now everyone is watching to see if it keeps the rhythm or slips off the stage! 🎶
📉 WHAT’S HAPPENING? (BTC CORRECTION MODE)
Bitcoin is currently in a correction phase after reaching $96K last week. It has dropped to $88K, and now the market is watching if it stabilizes or continues falling.
📊 We are analyzing BTC from the
4H (4-hour) chart → Short-term moves 📉
1D (Daily) chart → Mid-term trend 🔍
1W (Weekly) chart → Big picture! 📊
🔍 CHART INSIGHTS & PRICE ACTION
🔹 4H CHART (SHORT-TERM MOVEMENT)
BTC bounced slightly but is still struggling below key resistance.
21 EMA (
$91K) and 50 SMA ($92K) are acting as barriers—BTC needs to break these to recover.RSI (29) shows BTC is oversold, meaning a bounce could happen.
🔹 1D CHART (MID-TERM TREND)
BTC made a lower low at ~$88K, confirming a short-term downtrend.
Support to watch: $85K-$86K—if it holds, BTC might bounce.
Resistance: BTC needs to reclaim $95K-$96K to resume bullish momentum.
🔹 1W CHART (BIG PICTURE)
BTC is still in an uptrend, but this correction is testing key levels.
If $85K is lost, BTC could drop further, targeting $75K.
Long-term trend remains bullish unless BTC falls below $74K.
🔥 WHAT COMES NEXT?
🟢 Scenario 1 – BTC Bounces Back:
If BTC reclaims $91K-$92K, expect a short-term pump.
If BTC breaks $96K, the uptrend resumes.
🔴 Scenario 2 – BTC Drops More:
If BTC loses $85K, next stop could be $75K.
Market sentiment could shift more bearish.
🎯 WHAT SHOULD YOU DO?
✅ Holding BTC? Watch $85K-$86K—this support needs to hold.
✅ Trading BTC? Watch $91K and $85K—those are key decision zones.
✅ Waiting for an entry? A dip near $85K could be a chance to buy if support holds.
My conclution is
Bitcoin’s correction dance isn’t over yet! The next few moves will decide if we see a bounce or more downside. Will BTC regain its rhythm, or are we in for a deeper drop?
Stay sharp, trade smart, and let’s ride the market waves—so hit that follow button before BTC makes its next move!
