According to on-chain data, BTC’s move to $125K was driven by short liquidations, not new capital inflow, therefore a rejection of highs into further consolidation was expected, after confirming by technical analysis reversal pattern. When rallies aren’t backed by real inflows, the downside tends to be ruthless. After rally printed a new all-time high, then tactical traders triggered a chain of long liquidations.
So the question now is—was this just a flush before a fresh leg up? Or is this market still unwinding?
I remain bullish from current levels. The recent drop looks more like a healthy correction than a trend reversal.
Key Risk:
The bullish scenario breaks if $112,200 support fails and we see a confirmed reversal structure (not just one wick/ short-term candle, but several days of follow-through).
Support Levels to Watch (Buy-the-Dip Zones):
$112,500
$101,400
$92,600
Macro View:
Liquidity signals continue to improve, profit-taking is largely complete, and we don’t see a cycle top yet. Long-term structure remains bullish, and this pullback should be seen as an accumulation opportunity.
Disclaimer:
Markets are subject to unpredictable events and the randomness of markets, please use appropriate risk management. DYOR
So the question now is—was this just a flush before a fresh leg up? Or is this market still unwinding?
I remain bullish from current levels. The recent drop looks more like a healthy correction than a trend reversal.
Key Risk:
The bullish scenario breaks if $112,200 support fails and we see a confirmed reversal structure (not just one wick/ short-term candle, but several days of follow-through).
Support Levels to Watch (Buy-the-Dip Zones):
$112,500
$101,400
$92,600
Macro View:
Liquidity signals continue to improve, profit-taking is largely complete, and we don’t see a cycle top yet. Long-term structure remains bullish, and this pullback should be seen as an accumulation opportunity.
Disclaimer:
Markets are subject to unpredictable events and the randomness of markets, please use appropriate risk management. DYOR
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
إخلاء المسؤولية
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.