Bitcoin is currently trading around $73,885, and there hasn't been any major movement in the market over the last 24 hours, indicating that both buyers and sellers are waiting for the next big decision. In my personal view and considering the market's historical data, the possibility of a deep correction isn't completely off the table. In the past, Bitcoin has shown declines of 20% to 40% even during significant bull runs, so if pressure mounts in the market, we can't overlook zones below $70,000 and around $60,000.
Many are just holding in the hope that the market will shoot straight up, but the reality is that big investors often push the market to points where most people get disheartened. If we see wicks or temporary dips below $60,000 in the coming weeks or months, I wouldn't be surprised. However, this is just one possible scenario, not a certainty.
ETH broke the triangle pattern in a downward direction and also broke the support area. The price is now heading towards the next support area, and a bounce is expected after hitting it.
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