March 29, 2026

BTC short-term correction

BTC short-term correction

BTC short-term correction

BTC short-term correction

Bitcoin / TetherUS BINANCE:BTCUSDT
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BTC short-term correction

The chart shows everything, but let me explain briefly what I have in mind:

I anticipate BINANCE:BTCUSDT to have a correction to 38-42 region in the short-term.

In 1 hour timeframe, last night we had a fake breakout of the uptrend, hasty bears opened their short position, then the price pumped and liquidated them all 🙂 .

Afterwards, price jumped above the resistance which had stopped BINANCE:BTCUSDT previously, then hasty bulls opened their long position, the price dumped and they also got liquidated :))

Daily candle closed Bearish and the RSI divergence in 4 hour timeframe is also obvious.

CME:BTC1! also has a gap below 41400 to be filled.

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