First, take a breath.
Markets breathe in, markets breathe out.
Right now, Bitcoin is breathing out.
Here’s what’s happening in plain words:
1. We broke $90,000 — a big psychological level. That matters because traders watch round numbers. Breaking down through it invites more selling.
2. We’re testing $89,395** — today’s low. If this breaks, there isn’t strong support until **$88,000, maybe even $86,000.
3. Volume is up — $1.67B traded in 24h. That means people are actively selling, not just sitting tight.
Why is this happening?
· Gold is pumping — money is moving to the “safe” play.
· Leverage is getting flushed — too many people were over-leveraged long.
· Sentiment shifted — from “buy the dip” to “maybe wait and see.”
What’s the real question right now?
Is this a healthy correction in a bull market… or the start of something deeper?
My read:
Bull markets don’t die quietly. They die when everyone is euphoric and over-leveraged — not when people are already scared and selling.
This feels more like a shakeout than a breakdown.
But—and this is important—I could be wrong. The chart doesn’t lie.
If we lose $89,395 and can’t reclaim it, we’re likely going lower.
So what do you do?
· If you’re holding long-term: This is noise. Don’t let a 4% drop shake you out of a multi-year thesis.
· If you’re trading: Have a plan. Know where you’ll exit if you’re wrong. Maybe wait for a 1-hour close back above $90,500 before adding.
· If you’re on the sidelines: Patience. Let the market show its hand. Sometimes the best trade is no trade.
Remember:
The hardest trades are emotional ones.
Fear makes you sell at the bottom. Greed makes you buy at the top.
Don’t trade the emotion. Trade the chart.
What’s your gut telling you right now — is this a buying opportunity or a warning sign? 👇 Comment
