Current price action / correction

[HashRate Hero]

The neat thing is that there's a disconnect between volume and order book liquidity. Strong bearish conviction is not indicated by a large sell wall alone since orders can be cancelled and/or shifted as prices approach the sell wall. Realized volume provides a truer indication of actual trading. I believe that the $83k area should be considered an observation area, not a support area. If more people were buying it in bulk, but that wasn't enough to convince me that it had returned to its former glory, that would have given me more information than the mere presence of a giant bid wall.

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.

Yes, it is very good that if we see the signs of the past through Bitcoin investment, then it is our duty that we can achieve maximum success through Bitcoin investment. Because many people face trading for the slightest profit, but in the end, although they can make a profit, the risk of losing their capital is high.
So in this case, I say that if you can invest in Bitcoin regularly, it will definitely be possible to create more savings. If you just look at the history of the price of Bitcoin for a little over one to two months, then from here you will find your destination of success. And you can push yourself towards investing more Bitcoin.

Retail chases every 5% candle while order books and volume tell the real story. That being said DCA and patience beat emotional trading at always .

[Rengga Jati]

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.

It is just a very normal correction.
Look at the recent Bitcoin chart. Over the past few days, the price has remained quite stable in the $83k–$84k range. There hasn't been much significant change. The fluctuations are perfectly normal. A market correction often follows a substantial rally. So, this is completely standard behavior.

So far, there are no signs of market panic or panic selling. Moreover, the index still shows a greed index of 75. Just stay calm. Nothing bad has happened recently. The price might even close above $80k at the end of September. But, whatever you do, always manage your risks.

[STT]

Order books are played like poker cards, they aren't exactly always reflecting the truth of where buyers will appear.  Orders can be opened or closed to create a picture that will manipulate or cause fear, we jump at shadows if taking it too seriously.

BTC will likely return to the averages but I'm not sure it will happen here or later on, depends how far extended we are after prior gains.  The price action appears constructive and this is a good close to the weekly bar happening right here.
  The average over the last year isnt nearly flat yet, its still losing price so even if the near term and medium term has been positive we have some negative action to iron out yet.
  Its natural for sellers to be ready at prices they have held for a year and now can close positions flat.  In that respect there is near to 3 months worth of stale trades sitting overhead like storm clouds waiting to rain, could be fine of course but odds favor some selling.

[coinrifft]

Order books are played like poker cards, they aren't exactly always reflecting the truth of where buyers will appear.  Orders can be opened or closed to create a picture that will manipulate or cause fear, we jump at shadows if taking it too seriously.

Yes, we even have OTC that didn't reflect anything at all because exchanges doesn't want to show us that. But if we look at the sell orders, if you are a beginner, you might be overwhelm on what you are seeing.

We might have seen already that there could be sellers when the price hits $85k, those are short day sellers to make profit. But the game here is to go long and not be affected by what we are seeing short term. Just go and do DCA, to eliminate emotions and then look at the bigger picture.

[AprilioMP]

It is just a very normal correction.
Look at the recent Bitcoin chart. Over the past few days, the price has remained quite stable in the $83k–$84k range. There hasn't been much significant change. The fluctuations are perfectly normal. A market correction often follows a substantial rally. So, this is completely standard behavior.

So far, there are no signs of market panic or panic selling. Moreover, the index still shows a greed index of 75. Just stay calm. Nothing bad has happened recently. The price might even close above $80k at the end of September. But, whatever you do, always manage your risks.

Don’t be easily swayed by temporary price increases, even if calculations show that selling a portion of your holdings would still be profitable.
$80,000–$82,000 or even $83,000 could still be the closing price this September, and most holders who entered the market after the drop from the ATH are still in a profitable position—but for me, that’s still not an option.
Panic selling during conditions like the recent rally is often regretted when the price jumps even higher.

[pooya87]

These short term price changes have always attracted short term traders who are looking for quick profit from ups and downs. It's not exactly a "phenomena", that's just natural market and its participants' behavior. Short term traders who are willing to take bigger risks, use that strategy; others who don't want risk and consider themselves "investors" not "traders" would just buy in dips and hold for the rally to begin or do DCA for long term investment strategies.

[sotelorene]

Don’t be easily swayed by temporary price increases, even if calculations show that selling a portion of your holdings would still be profitable.
$80,000–$82,000 or even $83,000 could still be the closing price this September, and most holders who entered the market after the drop from the ATH are still in a profitable position—but for me, that’s still not an option.
Panic selling during conditions like the recent rally is often regretted when the price jumps even higher.

I don't think investors who knows what they are doing in Bitcoin investment will be excited because of the short move or increase, anyone you see panicking and excited at this point in time means that they are traders or gamblers. Bitcoin is preparing to take an upward move that is what I am seeing in the market now unless market break some low and create a lower low and lower highs until this happens, my bias that Bitcoin is about to rally still hold and anyone who can not afford to risk in trading should stick to holding for long term.

[348Judah]

We should take our time to know what is best for us in cryptocurrency; it is very important and also necessary to always consider being either a trader or a long-term investor.

You can't develop passion on what you do not have interest in, this is why we must know the areas of our weakness and the strong aspect of which we can also take as our best performing aspect of an investment, we can learn more to know which to go for an have enough reason to why we are making such decision, because either we like it or not, the boat have their own risk at, which we can still manage to understand how we can prevent them from happening or affecting us to an extent.

[Audrey Simmons]

Don’t be easily swayed by temporary price increases, even if calculations show that selling a portion of your holdings would still be profitable.
$80,000–$82,000 or even $83,000 could still be the closing price this September, and most holders who entered the market after the drop from the ATH are still in a profitable position—but for me, that’s still not an option.
Panic selling during conditions like the recent rally is often regretted when the price jumps even higher.

While we observe for long term, some prefer doing it for short term. Somebody who bought below $60K during the last dip price, now selling for $85K clearly has the right to sell if they want to, in as much it was planned from the on set, and that was a part of their strategy.

Not so many investors are patient enough, and patience isn't something that can be learnt if the person isn't willing to adapt.

[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.

It is just a very normal correction.
Look at the recent Bitcoin chart. Over the past few days, the price has remained quite stable in the $83k–$84k range. There hasn't been much significant change. The fluctuations are perfectly normal. A market correction often follows a substantial rally. So, this is completely standard behavior.

So far, there are no signs of market panic or panic selling. Moreover, the index still shows a greed index of 75. Just stay calm. Nothing bad has happened recently. The price might even close above $80k at the end of September. But, whatever you do, always manage your risks.

It's all about Risk management  !  ... One powerfull technique is DCA .

[AVE5]

These short term price changes have always attracted short term traders who are looking for quick profit from ups and downs. It's not exactly a "phenomena", that's just natural market and its participants' behavior. Short term traders who are willing to take bigger risks, use that strategy; others who don't want risk and consider themselves "investors" not "traders" would just buy in dips and hold for the rally to begin or do DCA for long term investment strategies.

Trading dynamical that requires a lot which includes trading apparatus, your knowledge of technically studying the market prices from the spot price to the past and using several historical trends to predict the future price and until the volatility points at your range, you won't win.
Even with the state of doubts, traders are still faced with the risks of keep trying with lucks even while they're regularly loosing with some trading on stop loose which they says to be risk management.
Trading apparatus is also needed which will require you to spend on buying devices and software that claims to be reliable for predicting the unpredictable bitcoin volatility.
Your emotions is also traded but you don't need all that as an investors.
You apparently don't trade with emotions or need much technological knowledge nor the tools for trading. Instead you just buy and hold at the sunset.

[Bitcoin_people]

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.

It is just a very normal correction.
Look at the recent Bitcoin chart. Over the past few days, the price has remained quite stable in the $83k–$84k range. There hasn't been much significant change. The fluctuations are perfectly normal. A market correction often follows a substantial rally. So, this is completely standard behavior.

So far, there are no signs of market panic or panic selling. Moreover, the index still shows a greed index of 75. Just stay calm. Nothing bad has happened recently. The price might even close above $80k at the end of September. But, whatever you do, always manage your risks.

The market has been fluctuating between $83k and $84k+ you for the past few days where the market seems to be somewhat stable. Although we have not seen any significant major changes and the market is not increasing much towards the highs and not falling much towards the lows. If the market remains like this then we think that there is a possibility of a strong support being formed in the market for the next month where the market is expected to correct. There is no reason to be nervous about the current position of the market and the way the charts are moving and should not panic and sell. Since the market performance is still looking very good at the end of September and the price is still above $80k, something good can be seen in the next month. Based on the recent performance of the market, we can say that the market may expect a change in the next few days where the market will continue to move towards the highs. However, one should not lose hope and should not panic and sell but it is better to be patient.

[EarnOnVictor]

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.

You would have been better adding some charts, heat maps, or some kind of order book, with decisive liquidity flow, maybe we could see more reason why you are sure that retailers are responsible for some things. For me, staring at the chart alone is as deceiving as anything, so you are assuming.

Stop trading every 5% swing and look at actual volume.

This depends on the kind of traders/investors you are dealing with, and it's perfectly fine for some.

[Woodie]

The Demand Area of Bitcoin on the 1D chart has been touched and currently, we're onto a correction phase which is pretty much needed after 2 consecutive pumps that happened.

Was expecting to see charts in this thread and you are the only one that did it, props to you .. probably  won a follower

Nice chart 📉 📈 colours 👌.

Btw and the blue zone around  90k and 87.5k, is that not the supply that you might have called demand or that's the resistance zone ?

The resistance has been touched, got rejected, and now what we are waiting is what would be the next support. Looking at the charts, the lowest support that could be in the short term is around the $75,000 area, but there is a Fair Value Gap that's wide open at around $80,000 that's barely been touched. It's more of a Technical Analysis thing-y, and I know that we all have different ways to analyze the market, and that's fine. What works, works.

💯 If what works for you stick to it  

What's your trading style if I may ask, Support and resistance or Supply and Demand..I see you have put in FVGs on your chart is that not SMC ??

I will not add another chart, but on the 4H, I plotted a FIB retracement already, and it touched the 0.618 already, and bounced currently. If the price of Bitcoin doesn't go below that zone, there's a chance that we will be continuing the pump with ~$83,000 acting as a support. Anyway, I do hope that there are many spot traders out here who already profited from that last 2 pumps.

Staying off crypto trading for now, prefer the less volatile currency pairs like EURUSD or AUDUSD  , let me take a quick look at the price action of BTC on the said timeframe...and like that you use fibs too but personally prefer deeper retracement like 0.71 not 0.68..  

[LogitechMouse]

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Nice chart 📉 📈 colours 👌.

Btw and the blue zone around  90k and 87.5k, is that not the supply that you might have called demand or that's the resistance zone ?

Thanks. I'll take that as a compliment.
Anyway, thanks as well for correcting me. Yes it's supposed to be supply zone instead of demand. It can be called as resistance zone as well. I mean nowadays, different traders now have different names to literally anything. If you know what I mean.

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💯 If what works for you stick to it  

What's your trading style if I may ask, Support and resistance or Supply and Demand..I see you have put in FVGs on your chart is that not SMC ??

Support and Resistance is what I'm using whenever I want to buy an asset that I want to hold for the long run. I have a different strategy when it comes to day trading or sometimes scalping. Yes, I put some FVGs on that chart so I'm also using SMC as well. I was using SMC back in the days especially Order Blocks, Breaker Blocks, FVGs and IFVGs. I know there's more to it, but those 4 are the ones that I often use.

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Staying off crypto trading for now, prefer the less volatile currency pairs like EURUSD or AUDUSD  , let me take a quick look at the price action of BTC on the said timeframe...and like that you use fibs too but personally prefer deeper retracement like 0.71 not 0.68..  

If you mind, can you share where you are trading Forex right now? And for you, what broker/s are you recommending?

Staying off on crypto is fine, or if you can just accumulate some crypto assets for the upcoming bull run then that's also fine. I mean it's up to you. If you're already profitable in forex trading then maybe using all of your capital on it might be better for you, but just for additional safety.

[Sammye3]

These short term price changes have always attracted short term traders who are looking for quick profit from ups and downs. It's not exactly a "phenomena", that's just natural market and its participants' behavior. Short term traders who are willing to take bigger risks, use that strategy; others who don't want risk and consider themselves "investors" not "traders" would just buy in dips and hold for the rally to begin or do DCA for long term investment strategies.

Both type of traders are peculiar to the market and make profits as well. The only difference between both is the risk involved with the short term traders who seek for profits amidst bitcoin volatility compared to long term committed investment.

With the recent price action, short term traders are sure to be in profits and maybe even bigger profits before the end of the year, for traders who would hold a position for months, though that's also a risky trading plan.

[Gozie51]

There is no reason to be nervous about the current position of the market and the way the charts are moving and should not panic and sell. Since the market performance is still looking very good at the end of September and the price is still above $80k, something good can be seen in the next month. Based on the recent performance of the market, we can say that the market may expect a change in the next few days where the market will continue to move towards the highs. However, one should not lose hope and should not panic and sell but it is better to be patient.

The market is looking well seated for a continuous bull. The support around $83k seem to be holding strong and looking at the weekly chart direction, it is promising that the buyers are still coming in for the season. Today for example, we have not seen a major drop in price but a steady price action upwards and the week is just beginning. This is significant anytime that the price is looking to appreciate.

Perhaps before the end of the week, a major bull run could be established. I'm optimistic that the bull are still going to hold price for the rest of this last quarter of 2026.

[IcaroAugusto]

That's a good way to look at it. The panic always seems louder than the actual volume, and stepping back usually shows a much calmer picture.

[Umulala-alala]

Don’t be easily swayed by temporary price increases, even if calculations show that selling a portion of your holdings would still be profitable.
$80,000–$82,000 or even $83,000 could still be the closing price this September, and most holders who entered the market after the drop from the ATH are still in a profitable position—but for me, that’s still not an option.
Panic selling during conditions like the recent rally is often regretted when the price jumps even higher.

While we observe for long term, some prefer doing it for short term. Somebody who bought below $60K during the last dip price, now selling for $85K clearly has the right to sell if they want to, in as much it was planned from the on set, and that was a part of their strategy.

Not so many investors are patient enough, and patience isn't something that can be learnt if the person isn't willing to adapt.

It's true that those who bought below $60k will be at profit now if they sell but it will still make no sense to me to be a no coiner after selling off just to earn some little profits, although any body can do what they like to do but it's still better to buy bitcoin and hold for long with out selling until you have reached your bitcoin over accumulation point, you can't win big investing in bitcoin if you are not patient enough to buy and hold your bitcoin for long, you can sell at $80k and make some little profits and later regret selling when the price will go above $100k, you could make some gain trading for a short time but the gain made in this short while can't be compare with what a long time investor will make after holding for years.

[Ndabagi01]

The market is looking well seated for a continuous bull. The support around $83k seem to be holding strong and looking at the weekly chart direction, it is promising that the buyers are still coming in for the season. Today for example, we have not seen a major drop in price but a steady price action upwards and the week is just beginning. This is significant anytime that the price is looking to appreciate.

Perhaps before the end of the week, a major bull run could be established. I'm optimistic that the bull are still going to hold price for the rest of this last quarter of 2026.

It is not a big deal being optimistic of the market but what one should know is that the market will continue to show some signs of bearishness especially when the forces pushing for a bullish trend is over. We will definitely see the market showing signs of bullishness and also consolidating for some time. We will not see a straight trajectory movement towards the upside without facing some little corrections along the way.  I am still not convinced fully that the market will remain in a state of bullishness, it’ll face some downturn and we could see a slow move towards $100K, probably reaching next year before the market reaches that price.