2026-01-29 22:49:54

$BTC

DON'T PANIC ⚠️ ⚠️

Bitcoin broke out from this expanding wedge and crashed back to the lows.

But be careful, don't rush into any trade just because the market crashed.

Price is likely to stabilize or bounce back to 87 000$ as we simply grabbed some cheap liquidity at the December 1st and 18th lows.

The bigger picture defines the trends, smaller moves grab liquidity and reverse.

▶️ That's the most likely scenario now : a stabilization or bounce to 87k

After that, I believe the most likely scenario is Bitcoin crashing further, 75k potentially, as the macro trend is bearish and we remain close to the top of this cycle.

This can also be a fakeout, as we swept the equal lows of December 1st and 18th and that ETH remains around its 3 major lows.

However, the latter scenario is less likely considering we're now in a bear market.

My next plan is to wait until tomorrow, see if I can plan a trade.

BTC-7,82%

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