Let’s be realistic...
Hello, dear friends! 🫶What to Expect After the Correction?🧐
Let’s be realistic—at this point, it’s nearly impossible to predict with 100% certainty where Bitcoin will go after the correction.🤷🏽♀️
I know many of us are hoping for a new bull run (myself included), but unrealistic expectations can be far worse than sober analysis. That’s why I suggest we consider a few possible scenarios to protect ourselves and prepare for any outcome.
Here’s the plan I’ve laid out for You today:
Daily Chart Analysis
The current Bitcoin price action appears to be in a distribution phase. If this phase plays out fully, we could see the price drop to around $85,000.
What happens next?
After reaching this level, the price is likely to bounce upward. This could be an opportunity for cautious long trades.
Scenario 1: Bullish
The $100,000–$102,000 zone will be a critical threshold. If the price confidently breaks above this level, it will signal bullish sentiment in the market, paving the way for further growth.
The next major resistance level to watch is $108,500. This is a key level that must be overcome for the bull run to continue. However, be cautious of fake breakouts—they happen frequently and can trap traders.
If we break through these levels and the rally continues, then… to the moon! 🚀
Scenario 2: Bearish
We can’t ignore the bearish scenario—being informed is being prepared.
After the correction (potentially to $85,000), we might see the price bounce back to the $100,000–$102,000 zone. In my view, this level will be critical. If the price fails to hold above this zone and heads into a deeper correction, it will signal bearish sentiment and dominance of the bears in the market.
Personal Observations
In times of uncertainty, emotions run high. Everyone expects growth, and when someone draws downward arrows on the chart, it often sparks aggression. Let’s try to be kinder and more tolerant toward each other—it’s just the market, after all.
What’s Your Take?What scenario do You see playing out? Do You have your own charts to share? Drop them in the comments—I’d love to see Your perspectives!
Always Yours,
Kateryna 💛
Let’s be realistic—at this point, it’s nearly impossible to predict with 100% certainty where Bitcoin will go after the correction.🤷🏽♀️
I know many of us are hoping for a new bull run (myself included), but unrealistic expectations can be far worse than sober analysis. That’s why I suggest we consider a few possible scenarios to protect ourselves and prepare for any outcome.
Here’s the plan I’ve laid out for You today:
Daily Chart Analysis
The current Bitcoin price action appears to be in a distribution phase. If this phase plays out fully, we could see the price drop to around $85,000.
What happens next?
After reaching this level, the price is likely to bounce upward. This could be an opportunity for cautious long trades.
Scenario 1: Bullish
The $100,000–$102,000 zone will be a critical threshold. If the price confidently breaks above this level, it will signal bullish sentiment in the market, paving the way for further growth.
The next major resistance level to watch is $108,500. This is a key level that must be overcome for the bull run to continue. However, be cautious of fake breakouts—they happen frequently and can trap traders.
If we break through these levels and the rally continues, then… to the moon! 🚀
Scenario 2: Bearish
We can’t ignore the bearish scenario—being informed is being prepared.
After the correction (potentially to $85,000), we might see the price bounce back to the $100,000–$102,000 zone. In my view, this level will be critical. If the price fails to hold above this zone and heads into a deeper correction, it will signal bearish sentiment and dominance of the bears in the market.
Personal Observations
In times of uncertainty, emotions run high. Everyone expects growth, and when someone draws downward arrows on the chart, it often sparks aggression. Let’s try to be kinder and more tolerant toward each other—it’s just the market, after all.
What’s Your Take?What scenario do You see playing out? Do You have your own charts to share? Drop them in the comments—I’d love to see Your perspectives!
Always Yours,
Kateryna 💛
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