On the $BTC -minute timeframe, WET already completed a strong impulsive move from the 0.188 area up to 0.234, which tells us the market is not weak overall. After that expansion, price entered a healthy correction phase, not a breakdown. The pullback you’re seeing now into 0.208–0.205 is a normal retracement after a strong rally, where early buyers take profit and late sellers get trapped.
The most important detail is structure. The correction stopped well above the previous major higher low around 0.197, which keeps the bullish structure intact. Price is currently sitting right on a minor demand zone at 0.205–0.208, and the candles here are getting smaller, showing selling pressure is slowing down.
Key structure read: • Impulse leg completed • Higher high printed at 0.234 • Higher low still protected • Price consolidating, not collapsing
As long as WET holds above 0.200, your order remains technically safe. A clean push back above 0.215–0.218 would confirm continuation, and once that happens, the market naturally looks back toward 0.225, then a potential retest of 0.234.
Risk view: If price loses 0.200 with strong volume, then the structure weakens and a deeper pullback toward 0.195–0.188 becomes possible. Right now, there is no confirmation of that scenario. The market is pausing, not failing.
Momentum view: This kind of pullback after a vertical move often acts as re-accumulation, especially when price stays above the midpoint of the rally. That’s exactly what WET is doing now.
Conclusion: Your order is positioned inside a healthy retracement zone within an active uptrend. This is consolidation after strength, not a trend reversal. As long as current support holds, patience favors upside continuation.
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On the $BTC -minute timeframe, WET already completed a strong impulsive move from the 0.188 area up to 0.234, which tells us the market is not weak overall. After that expansion, price entered a healthy correction phase, not a breakdown. The pullback you’re seeing now into 0.208–0.205 is a normal retracement after a strong rally, where early buyers take profit and late sellers get trapped.
The most important detail is structure. The correction stopped well above the previous major higher low around 0.197, which keeps the bullish structure intact. Price is currently sitting right on a minor demand zone at 0.205–0.208, and the candles here are getting smaller, showing selling pressure is slowing down.
Key structure read: • Impulse leg completed
• Higher high printed at 0.234
• Higher low still protected
• Price consolidating, not collapsing
As long as WET holds above 0.200, your order remains technically safe. A clean push back above 0.215–0.218 would confirm continuation, and once that happens, the market naturally looks back toward 0.225, then a potential retest of 0.234.
Risk view: If price loses 0.200 with strong volume, then the structure weakens and a deeper pullback toward 0.195–0.188 becomes possible. Right now, there is no confirmation of that scenario. The market is pausing, not failing.
Momentum view: This kind of pullback after a vertical move often acts as re-accumulation, especially when price stays above the midpoint of the rally. That’s exactly what WET is doing now.
Conclusion: Your order is positioned inside a healthy retracement zone within an active uptrend. This is consolidation after strength, not a trend reversal. As long as current support holds, patience favors upside continuation.
If you want next, I can: • Define exact TP zones
• Tighten or protect stop placement
• Turn this into a short thrilling Binance-style post
• Or give a scalp vs hold plan based on this structure#GateNovTransparencyReportReleased #PostonSquaretoEarn$50 #BitcoinActivityPicksUp #CryptoMarketRebound