🚨 Can $BTC dump to $55K today?
Maybe not today.
But I still believe the real bottom is below $55K.
The reason is simple: every bounce is getting weaker. Bitcoin lost its rising channel, lost the 200 MA, and previous support has now turned into resistance.
Most traders get trapped because they think a $1,000-$2,000 bounce means the trend has changed. It doesn’t. A trend changes when resistance gets reclaimed and buyers can hold it. So far, every recovery has been sold faster than the previous one.
I still think the real bottom is below $55K. My main target remains around $52K, while a deeper flush toward $48K-$50K is possible if panic selling accelerates.
Don’t let a few green candles convince you the correction is over. The biggest rallies usually start after the market has disappointed the most people.
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$SOL is finally close to printing its first green monthly candle after 9 consecutive red months.
The chart is improving, but the most important level right now is $78-$82. That’s the resistance zone that has rejected price multiple times. A clean breakout above it can open the door toward $92.
On the downside, $72 is the level bulls need to protect. As long as $SOL stays above it, the structure remains bullish with higher highs and higher lows starting to form again.
For the first time in months, Solana is starting to look stronger on the chart than most people want to admit.