The market is bleeding, and liquidations are hitting hard. $BTC is correcting aggressively, and everyone is asking: Where is the bottom?
Here is the technical breakdown for the next 24 hours:
1️⃣ The 12-Hour Chart (The Danger Zone)
We are currently reacting to a massive Imbalance (IMB) area (marked in purple on charts). The recent high was $97,930, but that wick just filled part of the gap.
Theory: Imbalances usually need to be filled completely. This suggests the price has room to drop much further to close that gap.
2️⃣ The 4-Hour Chart (Weak Support)
Bitcoin is currently sitting on a Bullish Order Block (OB).
The Problem: It doesn't look strong. The price action is clearly forming a reversal pattern. If this OB fails, there is no safety net immediately below.
📉 My Prediction:
Given the bearish expanding triangle and the need to fill the imbalance, there is a high probability $BTC drops to $87,000 within the next 24 hours.
⚠️ Strategy:
Do not catch a falling knife. Wait for the market to stabilize before opening new longs.
Is $87K the bottom, or are we going lower? Let me know your targets! 👇
