Crypto Market Update
31 January
Market Reality Check
Bitcoin is trading around 82,600 after facing rejection from the 91,200 order block. Price tried to move higher but maximum upside was capped near 90,600, where sellers stepped in and pushed price back down.
Right now, #BTC is sitting at a very sensitive level. This is the kind of area where markets either hold and breathe, or slip fast.
The level that matters most is 84,500 on weekly and monthly close.
If BTC cannot reclaim this, the market may slowly accept a deeper correction ahead, possibly 30 to 40 percent over the coming months.
This is not fear. This is structure.
What the chart is quietly telling us
• Two months stuck in a range, no strength
• No weekly close above 93,700 to 94,000, sellers keep control
• Bearish flag already broke, current move feels like a retest, not strength
One last hope
If BTC manages a clean close above 83,000 to 84,000, we can still see a relief bounce toward 90,000 to 94,000.
If not, patience will be tested.
Downside levels to respect
• 74,000 to 75,000
• 65,000 to 55,000
• Worst case near 50,000
Not financial advice. Stay calm. Do your own research.#MarketCorrection #USGovShutdown