Bitcoin Euphoria: Correction Ahead?
BamBooChain 🎋⛓️
Good morning, friends! Let's discuss the current market situation. After reaching a new all-time high of around $108,000, Bitcoin is showing signs of a potential correction.
Technically, we're in an interesting situation: the market has reached the extreme euphoria zone I mentioned earlier. RSI and MACD indicators are showing signs of divergence, which often precedes corrective movements.
Key points:
Possible scenarios:
Regarding altcoins - they're showing relative weakness, and Bitcoin dominance is increasing. This is a typical pattern before a possible correction.
Recommendation: maintain protective stop orders and be prepared for a possible correction. However, the global trend remains bullish, and such a correction could become a good entry point for new positions.
Stay tuned for updates! 🎋⛓️
Good morning, friends! Let's discuss the current market situation. After reaching a new all-time high of around $108,000, Bitcoin is showing signs of a potential correction.
Technically, we're in an interesting situation: the market has reached the extreme euphoria zone I mentioned earlier. RSI and MACD indicators are showing signs of divergence, which often precedes corrective movements.
Key points:
- Trading volumes are decreasing while price is rising, creating potential divergence
- Funding remains relatively neutral, indicating balanced positions
- Long-term holders aren't taking significant profits yet
Possible scenarios:
- Consolidation in the $100,000-108,000 range
- Correction to $88,000-92,000 levels (this would be a healthy 20% correction)
Regarding altcoins - they're showing relative weakness, and Bitcoin dominance is increasing. This is a typical pattern before a possible correction.
Recommendation: maintain protective stop orders and be prepared for a possible correction. However, the global trend remains bullish, and such a correction could become a good entry point for new positions.
Stay tuned for updates! 🎋⛓️
تم فتح الصفقة
As expected, we’ve seen Bitcoin drop to the $100,000 level, which serves as a key support. At this point, two scenarios are possible:
1️⃣ Bitcoin bounces off $100,000 and enters a consolidation phase (flat).
2️⃣ Considering the ongoing decline in the stock market, I personally find the second scenario more likely — a further drop toward the $90,000 zone.
Stay alert and keep an eye on the market. 📉
أغلقت الصفقة: تم الوصول للهدف
Possible Scenarios: 🐼
🔴 Consolidation within the $88,000-$92,000 range, signaling market stabilization.
🔴 If the $88,000 level is breached, the next support zone for Bitcoin is $87,000-$85,000, and for Ethereum, it’s $2,800.
A reversal near these support zones could create excellent opportunities for new entries.
Key Factors to Consider:
🔴 On Wednesday, the Consumer Price Index (CPI) will be released, followed shortly by the Producer Price Index (PPI). A CPI reading above forecasts (e.g., over 3%) could trigger additional volatility. Additionally, Trump’s inauguration may also influence market sentiment.
We might already be in a reversal zone, and the upcoming days could be pivotal.
🔴 Currently, our primary scenario is playing out well, and if the $88,000 zone holds, the scenario will be fully validated. In fact, we’ve already achieved the forecasted decline predicted a month ago. Now, the focus is on holding the lower block and confirming the reversal.
Stay tuned for updates! 🎋⛓️
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.