$BTC This has been an incredibly steady and solid up trend this cycle. Even with this recent decline, there's no big change in market structure yet. But we are at a critical area. For me, a move back below $100K would mean this is due for a larger and longer correction. At that point there will be many doubts about whether the cycle is done or not. To get the momentum going again, you'd want to see a strong buyback from this region and for BTC to rise from the ashes from last week's events. For now, we simply wait patiently to see how this plays out. I do know one thing, and that's that I won't stick around looking for long forever, if levels like these don't end up holding on a weekly timeframe. Did that in 2022 and that was a pretty costly thing to do.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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