Technical analysis by Crypto_Gym_Work about Symbol BTC on 4 hour ago

Quite a week, huh guys? A new ATH — and then on Friday, a drop from $120,000 to $100,000 in just one hourly candle. But honestly, I was expecting it — and I’m glad it happened. Why? Let me explain. The market had been overheated for a long time, and it was only a matter of time before it burst. We hadn’t seen any proper corrections for months. And now, in just one day, we’ve flushed out all the gamblers (and not only them), setting the stage for true, organic growth. ⚡️ The key point is that the price had been moving inside a descending channel. At the beginning of the month, we broke structure upward and made a new ATH — then pulled back into the channel. Now, the price has broken above the upper boundary again and is trying to hold. If it succeeds, that means the previous move wasn’t just a short squeeze — it was the start of organic growth. If not, we’ll likely drop even lower than $100,000, since that would signal there’s still not enough liquidity to sustain a proper rally. During the drop, two GAPs were formed — and as you know, 99% of gaps eventually get filled. Just like the GAP near the ATH I mentioned earlier, which was fully closed at the start of the month. This time, we have a strong lower GAP at $110,340 – $102,000, and an upper one at $120,920 – $113,562 (the latter already partially closing). The liquidation map shows that the nearest cluster of liquidity is above, while below there’s almost none until around $98,000. ➡️ So right now, there are two possible paths: ✅ We close the upper GAP and continue higher, starting a new rally. ✅ We close the lower GAP, retest the bottom, collect liquidity, and then resume the rally. Either way, at this stage there are no signs that the bull market is over. Drop your trade ideas in the comments — what’s your plan for the coming days? ✍️