On the 4H timeframe, the market exited the ascending channel through manipulation and moved into a declining phase. ❤️ The downward impulse led to a loss of range, and the formed IMB was used as a retest zone rather than support — a sign of buyer weakness.
A sweep of local lows confirmed seller dominance: the upward move is corrective in nature, without range expansion. 👍 RSI remains in a weak zone, and local bullish divergences do not change the overall context.
🐾 Key area of interest: demand at 800–780. Entries are considered only on reaction. A return above IMB would open room for a move toward 960–980; until then, priority remains on liquidity accumulation from below.
Let's start by analysing the #BTC 💲 chart on a 1D time frame.
Earlier, I told you that I expected a decline within the complex WXY correction. That is exactly what happened. The asset approached the 0.5-0.618 Fibonacci zone, where it encountered resistance and fell. Overall, nothing terrible happened. I think that in the medium term, we can reach the $72,000-$70,000 range and then look for growth from there.
For now, I advise refraining from opening futures positions and turning your attention to other areas. #WhenWillBTCRebound $BTC follow me
BREAKING 🚨: Another $410,000,000 worth of crypto longs liquidated in the past 4 hours. Crypto market is dumping hard . When this market will pump ? $BTC #BitcoinETFWatch Follow Me
JUST IN: $3.15 trillion wiped out from gold and silver's market cap in the past 24 hours. #CZAMAonBinanceSquare Let's see how the $BTC would react follow me everyone
⚠️ MARKET PULSE: Over $6Trillion wiped out from the entire markets in a single sell-off.
Gold: Erased $3 Trillion in minitue (-8.8%) Silver: Dropped -12.21% Bitcoin: Falls to $84,366 S&P 500: Loses over $1Trillion and down -2% Total Crypto: Wiped out $112 Billion