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! 🎋⛓️
การซื้อขายยังคงดำเนินอยู่
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. 📉
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
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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การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน