Current price action / correction

[HashRate Hero]

Lets Look at the last 100 drops. You easly observe a phenomena of  Retail panics taking place every single time over normal noise while order books tell a completely different story. Stop trading every 5% swing and look at actual volume.

[BitMaxz]

What does the order book tell you?

I don't see any panic yet; I see a huge selling pressure recently, but it does not mean its a panic sell. Look at the chart; it was came from a huge price jump, and it was oversold already. The current price movement, I think, is a pullback or retracement or going to retest the $83k level, which is the recently strong resistance and now support.

If no one supports this area, I feel like the market wants to absorb all liquidity first below the price before it continues to price pump again.

[HashRate Hero]

If no one supports this area, I feel like the market wants to absorb all liquidity first below the price before it continues to price pump again.

You right  about the 83k zone. Market owners always hunt that deep value first anyway.

I can say that sweeping the lows is inevitable. Good call.

[Popkon6]

No matter how much the market situation goes into the abyss, I do not panic, because I always think that the market will improve in the future. Because I have seen that no matter how much the market is dumping, the market situation goes up again and it will help you more, no matter how low the price of Bitcoin is, you will definitely benefit if you buy.
So even though the market situation is naturally upward at the present time, it may go towards correction according to the cycle. So there is nothing to panic about, so we will not panic and move forward with Bitcoin holdings towards the future.

[Oshosondy]

Ehst that is very important about the market is that the price of bitcoin can not continue to increase always even during a very huge bull run, there will be a period of calm and a period of little retracement before the price of bitcoin will continue to increase. Although it is very important to know that bitcoin is at a level that it might fall right now, bit if it does not fall, there will be a high probability of going to almost $100000. Let us chill and see the one that will happen.

[AprilioMP]

Lets Look at the last 100 drops. You easly observe a phenomena of  Retail panics taking place every single time over normal noise while order books tell a completely different story. Stop trading every 5% swing and look at actual volume.

Selling pressure remains high based on money flow analysis data. The rally to $86,000 was used by people to lock in a small profit by selling, and they will use the upward trend to make a profit—after which they will wait for the price to drop from $86,000, not out of panic.
Today, the price is at $83,000. With the proceeds from their previous sales, they are now able to make new purchases. This is a deliberate move, not a reaction to panic. Long-term investors are not concerned with current market prices but remain focused on their long-term goals.