Bitcoin in Correction: Opportunity or Alert? My Long-Term View
In recent days, Bitcoin (BTC) has shown signs of correction after reaching levels close to 109,588 USDT, and is currently fluctuating around 84,450 USDT. As a professional trader, my analysis points to two possible scenarios: a healthy pullback before a new high or a structural weakening that could lead to deeper declines.
What Do the Data Show?
Currently, I see BTC respecting critical support and resistance zones:
✅ Strong support: 77,665 USDT and 63,718 USDT.
❌ Immediate resistance: 86,500 USDT, with a significant ceiling at 96,666 USDT.
Additionally, the 99-period moving average confirms relevant support, and the Stochastic RSI indicates oversold conditions, suggesting a possible resumption of the uptrend.
My Long-Term Decision
My strategy is clear: BTC remains optimistic in the long term, as long as it stays above the 63,718 USDT region. This level has been essential support, and as long as it remains above it, my outlook remains bullish.
If it rises above 86,500 USDT:
➡️ I confirm a resumption of the uptrend and would aim for targets of 96,666 USDT and then the historical peak.
If it falls below 77,665 USDT:
⚠️ I would adjust my strategy, waiting for a new entry at 63,718 USDT or even 47,245 USDT.
Conclusion
Despite the volatility, my long-term view remains positive, and I see this correction as an opportunity for strategic positioning. Bitcoin is still within its larger uptrend, and my focus is on monitoring confirmations to adjust the strategy as necessary.
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