Bitcoin has been in a steep correction for weeks, sliding inside a clear falling channel. Despite the heavy sell-off, price is now approaching one of the strongest confluence zones on the entire chart, a triple intersection.

This key level combines:

1- The major weekly bullish trendline

2- The horizontal support between $85,000–$90,000

3- And the lower boundary of the falling corrective channel

This kind of alignment doesn’t happen often. It’s the area where long-term bulls typically show up.

As long as BTC holds above $85,000–$90,000, the macro bullish structure remains intact. A strong reaction here could trigger a reversal and kick off the next impulsive wave upward. However, if this triple confluence fails, the market may face a deeper correction before stabilising.

We’re standing at a decisive moment… will this zone ignite the next bullish leg or break down into another wave of fear? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!

~Richard Nasr.