February is leaving but is leaving the crypto market a 'farewell gift' in the form of one of the worst red candles in history. Already down 20% for the month, and this may not be the end.
Welcome to the panic correction zone!
The price is already at the mark of 80-77K, which we have long discussed as a critical support zone. This is the area where weak hands capitulate, and strong players watch closely to see if it's time to accumulate BTC at a discount. But don't rush to conclusions – if we confidently break through 77K, the next stop could be at 70K.
Will there be a rebound?
The buyer is in no hurry to enter, which means the panic may continue. However, if big money enters the market, we will see the expected rebound. But don't expect a V-shaped reversal – most likely, the process will be smooth, with volatility and attempts to 'shake off' excess passengers.
There will still be time to average positions, so there’s no need to panic. Right now, the main thing is to observe and wait for signs of a market reversal.
Where will we be in March?
There are several scenarios: either BTC finds a bottom and starts an upward movement, or we are waiting for a new wave of decline, and then 70K becomes a real target. In any case, the situation will soon become clear – we are monitoring for confirmations.
Be careful, keep a cool head, and don't let panic dictate your decisions!
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