IS THE "GOLDEN HOUR" FOR A 20% BTC SHORT DROP APPROACHING?
Hello everyone,
Yesterday, I provided you all with a detailed and comprehensive analysis of the events BTC will experience in April. After the March candle closed and the April candle opened, things have become quite clear and well-defined.
However, in the "BTC April Analysis" post, the monthly candle and the overview mapping for D1 (daily) and W (weekly) timeframes had some broad leaps. It’s not detailed enough for precise actions—it gives us a nearly complete framework, but there are still some rough edges. To make it more polished, we need a highly detailed analysis with a refined level of completion to guide specific actions.
That’s why today, I’m bringing you a new analysis with the theme: "The Golden Hour for BTC’s SHORT Point – A 20% Value Drop?"
Why 20%, and Is 20% Too Much?
As shown in the analysis chart, one thing is very clear: BTC is currently in an upward correction phase. This upward correction started from two zones:
In each phase, we’ve been able to catch the turning points and the starts of new waves.
Back to the main question: From which zone will BTC drop to which zone, and why would it lose 20% of its value from that point?
Right now, BTC hasn’t confirmed a drop, but there are key price zones emerging for us to monitor:
Current Situation Analysis
Current BTC price: 85,000$.
These zones are quite close to the upper peak zones. This is the second upward wave, so we need to be very cautious because an "earthquake and tsunami" could hit soon without prior warning.
Think of it like climbing a mountain: At the base, we can’t see the peak. But as we climb closer to the top, the peak gradually comes into view. Right now, it’s clearly visible.
From the peak zones (87,600$, 88,800$, or 92,000$), BTC could drop to a target zone around 70,000$. This is the zone where we identify the drop as approximately 20%.
Market Capitalization:
If BTC drops 20%, the crypto market cap (currently around 2-3 trillion USD, depending on the time) could lose 15-20%, as BTC accounts for about 50-60% of the total market cap.
The exact percentage depends on the broader market’s reaction.
Altcoins:
Altcoins typically experience stronger volatility than BTC. If BTC drops 20%, altcoins could fall 30-50% or more, especially smaller coins.
Stronger altcoins (like ETH) might only drop 20-25%, but most will be hit harder.
Conclusion
BTC is currently in an upward correction phase, but signs suggest that the "Golden Hour" for a SHORT entry with a 20% drop could be approaching. Keep a close eye on the peak zones (87,600$, 88,800$, 92,000$) and prepare to act when the price hits these levels.
Enjoy the analysis, everyone!
Hello everyone,
Yesterday, I provided you all with a detailed and comprehensive analysis of the events BTC will experience in April. After the March candle closed and the April candle opened, things have become quite clear and well-defined.
However, in the "BTC April Analysis" post, the monthly candle and the overview mapping for D1 (daily) and W (weekly) timeframes had some broad leaps. It’s not detailed enough for precise actions—it gives us a nearly complete framework, but there are still some rough edges. To make it more polished, we need a highly detailed analysis with a refined level of completion to guide specific actions.
That’s why today, I’m bringing you a new analysis with the theme: "The Golden Hour for BTC’s SHORT Point – A 20% Value Drop?"
Why 20%, and Is 20% Too Much?
As shown in the analysis chart, one thing is very clear: BTC is currently in an upward correction phase. This upward correction started from two zones:
- Zone 1: From 80,000$ to 88,000$.
- Zone 2: From 81,600$ to the current level of slightly above 85,300$.
In each phase, we’ve been able to catch the turning points and the starts of new waves.
Back to the main question: From which zone will BTC drop to which zone, and why would it lose 20% of its value from that point?
Right now, BTC hasn’t confirmed a drop, but there are key price zones emerging for us to monitor:
- Zone 1: 87,600$
- Zone 2: 88,800$
- Zone 3: 92,000$
Current Situation Analysis
Current BTC price: 85,000$.
These zones are quite close to the upper peak zones. This is the second upward wave, so we need to be very cautious because an "earthquake and tsunami" could hit soon without prior warning.
Think of it like climbing a mountain: At the base, we can’t see the peak. But as we climb closer to the top, the peak gradually comes into view. Right now, it’s clearly visible.
From the peak zones (87,600$, 88,800$, or 92,000$), BTC could drop to a target zone around 70,000$. This is the zone where we identify the drop as approximately 20%.
Market Capitalization:
If BTC drops 20%, the crypto market cap (currently around 2-3 trillion USD, depending on the time) could lose 15-20%, as BTC accounts for about 50-60% of the total market cap.
The exact percentage depends on the broader market’s reaction.
Altcoins:
Altcoins typically experience stronger volatility than BTC. If BTC drops 20%, altcoins could fall 30-50% or more, especially smaller coins.
Stronger altcoins (like ETH) might only drop 20-25%, but most will be hit harder.
Conclusion
BTC is currently in an upward correction phase, but signs suggest that the "Golden Hour" for a SHORT entry with a 20% drop could be approaching. Keep a close eye on the peak zones (87,600$, 88,800$, 92,000$) and prepare to act when the price hits these levels.
Enjoy the analysis, everyone!
Note
BTC: 77.000
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.