Crypto Checkpoint – What Just Happened and What’s Next? $BTC

Alright fam, let’s talk real for a minute.

Today’s dip hit hard. Some of you got wrecked, liquidated. Shorters celebrated, and longers got the heat. So what’s going on?

Is this a correction? Is the bear market creeping in?

Short answer: NO. I still believe the market is bullish.

So why the sudden drop?

Let me break it down from my view:

$BTC had no clear top until yesterday. Now, we’ve likely found that short-term ceiling.

The market was way too long-heavy — about 89% of traders were on the long side. That’s a setup for a squeeze.

Liquidity was drying up — without fuel, even a strong car won’t move.

Technical cooldown needed — RSI, MACD, Bollinger Bands, SAR, EMAs — all indicators needed a breather. It’s like driving 300 km nonstop — you have to pull over and cool the engine.

So, where are we heading now?

I’m not expecting a sharp move up just yet.

Here’s why: The crypto market usually moves opposite to the US Dollar Index (DXY). If the dollar pumps, crypto dips. If the dollar cools off, crypto gets its wings again.

Right now, the dollar still has room to climb just a bit more. If you’re into forex, check out the bearish order block hovering just above — that’s likely the zone where DXY stalls and reverses.

What I’m seeing next:

A bearish FVG (Fair Value Gap) formed — we might see a minor pump to close that gap, then a drop.

Overall, I believe we’re in consolidation — not super obvious on the charts, but it's happening.

Possible scenario: pump into the weekly close → accumulation → Monday dip → pump by Monday night or Tuesday (again, just my view — not a fixed timeline).

If BTC holds above $104,400–$105,400, we’re fine. Below that? Time to rethink things.$BTC

Final Thoughts:

The market isn’t random — it’s built to shake out weak hands. Stay sharp. Don’t rush. Let the market do its thing.

This is just how I’m reading the charts right now.

Not financial advice. Do your own research. Stay safe out there.

Want me to turn this into a graphic for social media or add chart references to back up the points?