Hello Crypto $CRV

F

am,

A lot of you might be feeling anxious after today’s dip—some even faced liquidation, while shorters walked away with gains. So, what’s next?

Is this a correction phase?

Is the bear market knocking at the door?

My take: Not at all. The market is still bullish.

Let’s break down what really happened.

First off, Bitcoin$BTC had no defined resistance until recently—we’ve now identified the local top.

Second, the market was extremely over-leveraged: nearly 89% of positions were long.

Third, there wasn’t enough liquidity (fuel) to sustain the move.

Fourth, like a car that needs a break after a long drive, the market also needs to cool off. Indicators like RSI MACD, Bollinger Bands, SAR, EMA etc., all needed room to reset.

So, is the market ready to go up again right away?

Honestly—not yet.

The crypto market is heavily influenced by the strength of the U.S. Dollar.

When the Dollar index goes up, crypto typically dips—and vice versa. Right now, there’s still a bit of room for the dollar to pump before it starts dropping again. So patience is key here—we’re not chasing anything.

For those familiar with forex: check the charts. There’s a bearish order block just above current levels. Wait for that area to be hit before making moves. The smart play is waiting for confirmation, not rushing in.

On the crypto side, there’s now a bearish Fair Value Gap (FVG). The market might push up slightly, then drop again before a strong upward move.

I believe we’re entering a consolidation phase—it’s not clearly visible on the charts, but it’s happening. I expect a small pump into the weekly close, followed by accumulation, then a dip on Monday (manipulation phase), and finally, a distribution phase starting Monday evening or Tuesday, leading to another pump.

Note: This is speculation based on experience, not a timed technical analysis—nobody can predict the exact moment.

My key level for BTC: 104,400–105,400.

If we drop below that, then we may need to reevaluate the bullish outlook.

Remember, the market is designed to shake out weak hands.

Stay sharp, stay patient. These are just my thoughts based on the charts and market behavior.

Not financial advice—always DYOR.