Market Pullback or Bigger Breakdown? 🚨
Crypto markets are under pressure for the third straight session, and this time the technical picture is getting serious.
Bitcoin is down nearly 3%, testing the $66,000 zone and trading below the key 200-week EMA ($68K) for the first time since the rally began. That’s not just a dip — that’s a structural shift traders are watching closely.
Meanwhile:
★$ETH holding near $1,950 (-3.5%)
★$XRP at $1.37 (-2%)
★$DOGE at $0.09 (-3%, fifth red day in a row)
The expected relief bounce never came. Liquidity remains thin, and momentum is clearly bearish.
After accurately calling the $74K drop in November, I’m now adjusting my outlook:
📌 Short-term accumulation zone: $60K–$62K
📌 Extended bearish target: $52K (100% Fibonacci extension from Sep 2024)
This isn’t panic — it’s positioning.
Smart money prepares during fear, not euphoria.
Are we seeing a healthy correction before the next leg up, or the beginning of a deeper retracement?
What’s your strategy right now — holding, hedging, or accumulating? 👇